Expanding its USDe basis trade to Binance equity perps means Ethena, in theory, opens itself up to a $150T+ market of real-world assets.
This is the summary Bankless publishes in its feed. The full article lives on their site.
Sui’s DeFi liquidity also expanded, but more slowly than its token price, while a recent pullback interrupted the rally.
Reported staking rewards equaled about 69% of net trading losses, but the payouts redistribute money to PAPER stakers rather than reimburse each losing trader.
DefiLlama tracked $137.1 million in trader balances and house liquidity combined. Those funds are not all available to pay winning trades.
Need to know what happened in crypto today? Here is the latest news on daily trends and events impacting Bitcoin price, blockchain, DeFi, Web3 and crypto regulation.
