December 21, 2023

Is Ethena About To Create The Highest Stablecoin Real Yield in DeFi?

52 minutes

Guy Young is the Founder and CEO of Ethena Labs.

In this episode, we discuss Ethena launching one of the highest stablecoin real yields in DeFi and how it's built with staked ETH. Ethena aims to offer a permissionless dollar-denominated savings instrument in the form of a delta-neutral synthetic dollar, that's stable, value-accruing, and scalable--what they refer to as the “Internet Bond." We explore how users will soon be able to deposit decentralized collateral such as stETH to mint USDe, stake USDe, and earn an embedded yield that's netting beta users 25-30% APY.

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Timestamps

00:00 - Intro

4:35 - Guy's background

7:35 - Stablecoin landscape

14:06 - What is Ethena?

16:25 - Off-exchange custody accounts and how it works with Ethena

27:17 - Why a user might mint or redeem USDe?

31:23 - Which ETH LSTs are supported?

34:15 - Forecasted yield rates for USDe

40:15 - What else can I do with USDe?

43:35 - Why partner with Synthetix perps?

46:45 - Future plans for an Ethena native token

49:08 - Closing

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🔗 Guest Links 🔗

► Ethena Website: https://www.ethena.fi/

► Ethena on Twitter: https://twitter.com/ethena_labs

► Guy on Twitter: https://twitter.com/leptokurtic_

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🙏 The Edge Podcast is produced by 4RC Labs. If you're a DeFi/Web3 builder, contact our team at: https://fourthrevolution.capital/

All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.

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