a little reinforcement Project ETHENA to maintain calm and positions.
Ethena is a decentralized finance (DeFi) protocol built on the Ethereum blockchain, which seeks to provide scalable and secure financial solutions.
Its main product is USDe, a synthetic stablecoin designed to maintain parity with the US dollar without relying on the traditional banking system.
Recent updates:
Launch of sUSDe: Ethena has introduced sUSDe, a version of USDe that offers an annual percentage yield (APY) of 10%. This product has attracted over 368,000 investors, accumulating more than USD 5.85 billion in investments.
Season 3 of the Rewards Program: In September 2024, Ethena launched the third season of its rewards campaign, which will run until March 2025. During this phase, users who hold USDe in applications listed on Ethena's liquidity dashboards, such as Morpho, Aave, Pendle, or Curve LPs, will receive rewards multiplied by 20. Those who hold sUSDe in similar applications will receive rewards multiplied by 5.
New investments:
Investment from MEXC Ventures: Recently, MEXC Ventures announced a USD 36 million investment in Ethena and USDe, aiming to accelerate innovation in stablecoins and encourage broader adoption of cryptocurrencies.
USD 100 million funding round: In December 2024, Ethena Labs, based in Lisbon, raised USD 100 million in a funding round that included participation from financial giants such as Franklin Templeton and F-Prime Capital, the venture capital arm affiliated with Fidelity Investment.
These updates and investments reflect the growth and adoption of Ethena in the DeFi space, highlighting its commitment to providing innovative and stable financial solutions.
