Ethena(ena)

Uphold lends RLUSD; Ethena Pay Earn+ uses borrowing to increase exposure. Their advertised yields come with different costs, access rules and risks.

The Upshift vault targets roughly 11 times leverage on Aave, with depositors bearing losses and an initial $4.5 million capacity limit.

SolvBTC and xSolvBTC withdrawals will close Oct. 29. Deposits are already suspended for all four tokens.

CLAU holds FalconX notes tied to perpetual futures, with financing and funding costs on top of its 1% annual product fee.

Ethena will manage reserves, minting, redemptions and compliance for a platform reporting more than $300 million in existing stablecoin balances.

Standard Chartered forecasts a 7x gain by end-2028 on the strength of Ethena's buyback program. The buyback switches on when USDe supply reaches $7.5 billion; USDe sits at $4.9 billion.

The strategy pairs bStocks with short equity perpetuals, while eligible hedged accounts receive lower auto-deleveraging priority.

The iOS beta starts with 400 users, while official terms cap boosted balances and put cashback at up to 5% — not 10%.

The announced rollout is still forthcoming, with the first partner exchange announcements and deployments expected in the coming weeks.

A new framework assigns protocol IP and value accrual to the Ethena Foundation, while a live vote would use effectively 100% of net revenue for ENA purchases.