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Top Crypto to Invest in Right Now February 1 – Ethena, Shiba Inu, Qtum

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The cryptocurrency market continues to evolve, with growing speculation about a potential surge in 2025. Recent developments suggest increased investor confidence, particularly in the altcoin sector. As a result, many traders are searching for the top crypto to invest in right now to maximize potential gains.   Several altcoins have shown strong momentum, attracting attention for their unique use cases and market performance. Among the most promising picks, Ethena, Shiba Inu, and Qtum have demonstrated significant growth. These projects bring distinct advantages, from innovative blockchain solutions to widespread community support. Best Crypto to Buy Right Now Qtum is currently valued at $4.12, marking a 40.97% surge in the last 24 hours. Flux has also seen an upward trend, reaching $0.5585 with an 8.38% increase over the same period. Meanwhile, SOLX has successfully raised over $16 million and provides a staking feature, allowing users to lock their tokens in exchange for...

Ethena offers 27% on stablecoins but where is the yield coming from?

The launch of so-called ‘synthetic dollar’ Ethena ( USDe ) took place on Monday, alongside a heavily-shilled points programme, labelled as a ‘Shard Campaign.’ So far, over $300 million has been deposited into Ethena, which promises an internet bond with a ‘real yield’ of 27% for users who stake USDe. However, many are sceptical of the project’s sustainability, accusing Ethena of shortsightedness with respect to the source of the yield . After all, this isn’t the first time a stable source of high-yields has been marketed to the masses. The stable coin (or ‘synthetic dollar‘) is backed by a delta-neutral position that balances a basket of staked ETH derivatives with ETH shorts on centralized exchanges (CEX).  The high yields that have been promised are achieved by adding together the native staking yield (around 5%) and the funding rates paid to shorts, which is currently high ( over 20% ) due to bullish overall market sentiment. The tra...