Ethena Labs' Stablecoin USDe Attracts $4M More, Reaching $16M Treasury To Maintain $1 Peg
- Ethena Labs' stablecoin USDe raised $4M for its treasury, increasing the total to over $16M
- High yields derived from ether futures funding rates and staking ETH
- USDe aims to maintain $1 peg by shorting ETH futures
- Ethena is now 3rd largest crypto revenue generator behind Tron and Ethereum
- Total value locked on Ethena has grown to $833M since its launch in February
