ETHENA NO FURTHER A MYSTERY

Ethena No Further a Mystery

USDe minters deposit Lido’s stETH to mint a corresponding worth in USDe. Simultaneously, Ethena opens a brief position of the same price over a derivatives exchange. This makes a delta-neutral circumstance, where by a lower in the worth from the collateral, stETH, is nearly properly offset by the rise in price of the brief derivative placement.Ob

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