DeFi Platform Ethena Will Short Bitcoin (BTC) and Ether (ETH) to Issue Synthetic Dollars USDe

Binance
Shaurya Malwa
Bybit

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On Ethena, users can deposit stablecoins such as tether (USDT), frax (FRAX), dai (DAI), Curve USD (crvUSD) and mkUSD to receive Ethena’s USDe, which can then be staked. Unstaking takes seven days. The staked USDe tokens can be supplied to other DeFi platforms to earn additional yield.

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