领航王者领航师
@e375316f
DeFi Institutional Adoption: Ethena’s USDe Growth Ethena’s synthetic dollar (USDe) leverages delta-neutral staking: $2B+ TVL in 6 months 20%+ APY (from staking + funding rates) Risks: Relies on centralized exchanges (CEX) for hedging Institutional Interest: Hedge funds use USDe for cash-equivalent yield Backed by BitMEX, Bybit liquidity Challenge: Must prove resilience in bear markets.
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