Ethena ENA Token: Real Yield or Reflexive Hype?
Ethena's USDe dollar posts double-digit yield by going long spot ETH and short ETH perps, but the trade depends on funding rates staying positive and counterparty solvency holding.
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Ethena's USDe dollar posts double-digit yield by going long spot ETH and short ETH perps, but the trade depends on funding rates staying positive and counterparty solvency holding.
Killing the VC unlock schedule and routing 95% of net protocol revenue to ENA buybacks targets the two structural overhangs, but the buyback only fires once USDe regrows past $7.5 billion.
Janus Henderson, the $370 billion global asset manager, has taken a position in ENA — the governance token of Ethena…
A $480B TradFi shop investing in a DeFi governance token and mulling a yield-bearing stablecoin for treasury cash is the kind of signal that moves the sector's legitimacy needle, not just one…
ENA was CoinMarketCap's standout mover in the 24-hour ranking as of 15:00 UTC on 21 Aug 2026, climbing eight places to…
Ethena's USDe pays yield through ETH perp funding rates, not bank deposits. The mechanism is clever but the trade has real failure modes that can collapse headline APY.
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