Ethena Labs has released two important updates: Users can now deposit ENAs into Pendle Finance and receive 30x daily rewards, capped at $100 million.
The ENA lock-up is approaching $200 million and the cap is immediately increased to $300 million.
The unique feature of this pool is that YT buyers not only receive a 30x higher reward than USDe, but also meet at least 50% of the ENA vs USDe requirements with YT.
In addition, the Ethena protocol today issued its first proof of escrow to continue to enhance the transparency of the agreement. A summary of the document is as follows:
USDe Supply: 2.358 billion USD;
Provision for assets per certificate: US $2.365 billion;
Reserve fund: 32.70 million dollars;
The total provision is 101.65% of the USDe supply.
Ethena Labs: You can now deposit ENA into Pendle and get 30x rewards every day
2024-04-15 13:43:13
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