5 ESSENTIAL ELEMENTS FOR ETHENA

5 Essential Elements For Ethena

USDe minters deposit Lido’s stETH to mint a corresponding benefit in USDe. Concurrently, Ethena opens a short situation of exactly the same worth on the derivatives exchange. This creates a delta-neutral scenario, where a minimize in the value of your collateral, stETH, is nearly completely offset by the rise in worth of the shorter derivative pl

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