DeFi Platform Earning Yield by Shorting Ether Attracts $300M on First Day

Ethena offers a 27% annualized reward to holders of its USDe stablecoins, a yield mostly generated by shorting ether futures.

https://www.coindesk.com/markets/2024/02/20/defi-platform-earning-yield-by-shorting-ether-attracts-300m-on-first-day/?utm_medium=referral&utm_source=rss&utm_campaign=headlines