Back in June, I wrote that Ethena’s next $10B in USDe supply was achievable — but I thought it’d take a while. Two months later, @ethena_labs hit it. The USDe flywheel is spinning. Supply is on track to challenge USDC and the pace is only getting faster. $ENA
G | Ethena
G | Ethena9.8. klo 20.14
Feel more confident that USDe will become a $50b+ asset in the next 3yrs than if you had asked me if we would get to $10b when we first launched. To date we have minted & redeemed $18b+ in supply returning $450m+ in cash rewards to (s)USDe users without a single basis point of loss. Hard to put into words how grateful we are for every single dollar that has helped to bootstrap us to this milestone. Without you Ethena would be nothing; and I would be no one.
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