Ethena的USDE/SUSDE：锚定Defi生态系统及以后

Ethena Labs的USDE和SUSDE在Defi中引起了轰动，在整个网络之间迅速扩展并吸引了机构的兴趣。这是低点。

Ethena Labs is shaking up the DeFi landscape with its synthetic dollar USDe and its staked version, sUSDe. These assets are quickly becoming foundational elements across various layer 1 solutions, attracting significant investment and creating new opportunities for yield generation. Let's dive into what's happening.

Ethena Labs正在使用其合成美元USDE及其固定版本Susde摇晃Defi景观。这些资产迅速成为各种第1层解决方案的基本要素，吸引了大量投资并创造了新的产生机会。让我们深入了解正在发生的事情。

Ethena Lands on Plasma: A DeFi Power Move

埃塞纳（Ethena

Ethena's USDe and sUSDe launched on Plasma's mainnet beta, instantly becoming core assets in its DeFi ecosystem. This launch on September 25 included integrations with major platforms like Aave, Curve, Balancer, and Fluid. Aave even introduced Liquid Leverage markets with substantial USDe and sUSDe deposit capacities, enhanced by USDT liquidity from Binance Earn. This rapid integration highlights the demand and utility of Ethena's offerings.

Ethena的USDE和SUSDE在等离子体的Mainnet beta上启动，立即成为其Defi生态系统中的核心资产。 9月25日的发布包括与AAVE，曲线，平衡器和流体等主要平台的集成。 AAVE甚至引入了具有大量USD和SUSDE存款能力的液体杠杆市场，并获得了USDT流动性的增强。这种快速的整合凸显了埃塞纳产品产品的需求和效用。

Cross-Chain Expansion and Institutional Interest

跨链扩展和机构利益

Ethena isn't stopping at Plasma. They've been aggressively expanding across multiple networks, including Avalanche and the Optimism Superchain. Moreover, M2 Capital's $20 million investment showcases the growing institutional interest in regulated DeFi exposure, particularly from the Middle East. These firms are looking to integrate synthetic dollar products into wealth management offerings, creating compliant onramps for high-net-worth clients.

乙烯没有停止等离子体。他们一直在跨多个网络进行积极扩展，包括雪崩和乐观的超级链。此外，M2 Capital的2000万美元投资展示了在受监管的Defi暴露量中日益增长的机构兴趣，尤其是来自中东。这些公司正在寻求将合成美元产品集成到财富管理产品中，为高净值客户创建合规的Onramps。

The Numbers Don't Lie: Revenue and Yield

数字不撒谎：收入和收益

Ethena's platform data reveals impressive figures: $666.82 million in fees and $32.32 million in revenue and earnings over the past year. sUSDe currently offers a competitive 6% annual percentage yield, making it an attractive option compared to traditional savings accounts. While yields peaked at 19% earlier in 2024, the current rate still demonstrates the potential for generating returns within the DeFi space.

Ethena的平台数据显示出令人印象深刻的数据：过去一年的收入和收入为6.6682亿美元，收入和收入为3232万美元。 Susde目前提供有竞争力的年度百分比6％，与传统储蓄帐户相比，它是一个有吸引力的选择。虽然收益率在2024年前早些时候达到19％的峰值，但目前的速率仍然表明了在Defi空间内产生回报的潜力。

A Crypto-Native Approach to Stability

加密本地的稳定方法

Ethena's approach is unique: they combine crypto-backed collateral with delta-neutral hedging strategies to maintain USDe's dollar parity without relying on traditional banking relationships. This resonates with institutions seeking independence from legacy financial infrastructure and mitigates counterparty risks associated with fiat-backed stablecoins.

Ethena的方法是独一无二的：它们将加密货币支持的抵押品与三角洲中立的对冲策略相结合，以维持USDE的美元均等而不依赖传统的银行关系。这引起了寻求独立远离传统金融基础设施的机构的共鸣，并减轻与菲亚特支持的稳定稳定的对手风险。

Flare's FXRP: Expanding the DeFi Reach

Flare的FXRP：扩展Defi覆盖范围

While not directly Ethena related, Flare's launch of FXRP, the ERC-20 version of Ripple (XRP), highlights a similar trend: bringing more assets into the DeFi fold. FXRP allows users to lock in XRP and mint FXRP, opening up decentralized finance opportunities for XRP holders. This underscores the broader movement towards greater asset integration within DeFi.

虽然Ethena不直接与Ethena相关，但Flare推出了ERC-20版Ripple（XRP）的FXRP，但突出了类似的趋势：将更多的资产带入Defi Fold。 FXRP允许用户锁定XRP和MINT FXRP，为XRP持有人打开了分散的财务机会。这强调了在Defi内进行更广泛的资产整合的更广泛的运动。

My Take: Ethena is Here to Stay

我的看法：埃塞娜（Ethena）在这里留下来

Ethena's rapid growth and strategic partnerships suggest that they're not just a flash in the pan. Their innovative approach to stablecoins and their focus on institutional adoption position them as a key player in the evolving DeFi landscape. The impressive revenue numbers and the competitive yields offered by sUSDe further solidify their position. Of course, as with any DeFi project, risks exist, but Ethena's strong backing and proven model make them a compelling contender.

Ethena的快速增长和战略伙伴关系表明，它们不仅仅是锅中的闪光。他们对稳定币的创新方法以及对机构收养的关注，将他们定位为不断发展的Defi景观的关键参与者。 Susde提供的令人印象深刻的收入数量和竞争收益率进一步巩固了他们的地位。当然，与任何Defi项目一样，存在风险，但是Ethena的强烈支持和验证的模型使其成为令人信服的竞争者。

So, keep an eye on Ethena. They're not just building a product; they're shaping the future of finance. And honestly, who wouldn't want a piece of that pie?

因此，请密切关注Ethena。他们不只是制造产品；他们正在塑造财务的未来。老实说，谁不想那个馅饼？