De-fi
Ethena Brings Synthetic Dollar to Blast Layer 2 – Crypto News
Various DeFi protocols in the Blast ecosystem now enjoy native yield, lending, and trading with USDe and sUSDe.
Ethena Labs’ synthetic dollar is now live on Ethereum Layer 2 network Blast. With the integration comes USDe and sUSDe native yield on a plethora of DeFi dApps.
Six different protocols are adding support for USDe and sUSDe, including ThrusterFi, which will offer liquidity lools for both tokens paired with Blast’s native USDB. Both pools will receive the maximum Ethena allocation with 30x sats, alongside Blast Gold and Thruster Credits. Users who also stake their assets in HyperlockFi will receive fivefold rewards in sats.
Entering the Blast ecosystem will also mean Juice Finance users can farm Ethena sats with leverage.
Lenders can also supply USDe to borrow on Orbit Lending with up to 4x leverage, receiving 20x rewards on their positions alongside Blast Gold and Orbit Points.
Additional protocols include Init Capital, which offers leveraged looping, Morpho, and Particle Trade. Bridging ETH to Blast via Stargate Finance is also now available.
Integrating Blast with Ethena Labs is a power move by both protocols. Since launching its controversial one-way bridge, Blast has garnered a lot of attention from users. Its total value locked (TVL) skyrocketed from $0 in February to $2.2 billion today, according to DefiLlama.
On the other hand, Ethena Labs’ offering has faced controversy over its double-digit yield. The “synthetic dollar” is collateralized with crypto assets – such as staked Ethereum (stETH) – and corresponding short futures positions on centralized exchanges. That triggered Luna-induced PTSD among pundits.
Several came to the rescue, claiming the architecture was truly innovative (and sound), and the protocol has been making waves.
USDe has quickly climbed the ranks in the stablecoin sector, and now ranks fourth by market cap, according to CoinGecko. The overall sector is worth $161 billion, with $2.9 billion locked in Ethena’s USDe.
-
Technology4 days agoChatGPT users are mass cancelling OpenAI subscriptions after GPT-5 launch: Here’s why – Crypto News
-
Technology1 week ago
Binance to List Fireverse (FIR)- What You Need to Know Before August 6 – Crypto News
-
Technology1 week agoBest computer set under ₹20000 for daily work and study needs: Top 6 affordable picks students and beginners – Crypto News
-
Cryptocurrency1 week ago
Cardano’s NIGHT Airdrop to Hit 2.2M XRP Wallets — Find Out How Much You Can Get – Crypto News
-
Technology1 week ago
Beyond Billboards: Why Crypto’s Future Depends on Smarter Sports Sponsorships – Crypto News
-
Technology1 week agoGoogle DeepMind CEO Demis Hassabis explains why AI could replace doctors but not nurses – Crypto News
-
others1 week agoBank of America CEO Denies Alleged Debanking Trend, Says Regulators Need To Provide More Clarity To Avoid ‘Second-Guessing’ – Crypto News
-
others1 week ago
Japan CFTC JPY NC Net Positions down to ¥89.2K from previous ¥106.6K – Crypto News
-
Cryptocurrency1 week agoHow to Trade Meme Coins in 2025 – Crypto News
-
Business1 week ago
Analyst Spots Death Cross on XRP Price as Exchange Inflows Surge – Is A Crash Ahead ? – Crypto News
-
others1 week ago
Pi Network Invests In OpenMiind’s $20M Vision for Humanoid Robots- Is It A Right Move? – Crypto News
-
Business1 week ago
Pi Network Invests In OpenMiind’s $20M Vision for Humanoid Robots- Is It A Right Move? – Crypto News
-
De-fi1 week agoTON Sinks 7.6% Despite Verb’s $558M Bid to Build First Public Toncoin Treasury Firm – Crypto News
-
Cryptocurrency4 days ago
DWP Management Secures $200M in XRP Post SEC-Win – Crypto News
-
De-fi1 week agoCircle Extends Native USDC to Sei and Hyperliquid in Cross-Chain Push – Crypto News
-
Blockchain1 week agoXRP Must Hold $2.65 Support Or Risk Major Breakdown – Analyst – Crypto News
-
Blockchain1 week ago
XRP Must Hold $2.65 Support Or Risk Major Breakdown – Analyst – Crypto News
-
Business1 week ago
Is Quantum Computing A Threat for Bitcoin- Elon Musk Asks Grok – Crypto News
-
Technology1 week agoElon Musk reveals why AI won’t replace consultants anytime soon—and it’s not what you think – Crypto News
-
others1 week agoIs Friday’s sell-off the beginning of a downtrend? – Crypto News
-
Technology1 week agoOppo K13 Turbo, K13 Turbo Pro to launch in India on 11 August: Expected price, specs and more – Crypto News
-
Blockchain1 week ago
Shiba Inu Team Member Reveals ‘Primary Challenge’ And ‘Top Priority’ Amid Market Uncertainty – Crypto News
-
Technology1 week agoOpenAI releases new reasoning-focused open-weight AI models optimised for laptops – Crypto News
-
Blockchain1 week agoCrypto Market Might Be Undervalued Amid SEC’s New Stance – Crypto News
-
Metaverse1 week agoChatGPT won’t help you break up anymore as OpenAI tweaks rules – Crypto News
-
De-fi6 days agoCoinbase Pushes for ZK-enabled AML Overhaul Just Months After Data Breach – Crypto News
-
others1 week agoVisa and Mastercard’s Payment Dominance Not Threatened by Stablecoins, According to Execs – Crypto News
-
Business1 week ago
Breaking: U.S. CFTC Kicks off Crypto Sprint, Explores Spot and Futures Trading Together – Crypto News
-
Cryptocurrency1 week agoLido Slashes 15% of Staff, Cites Operational Cost Concerns – Crypto News
-
others1 week ago
MetaPlanet Launches Online Clothing Store As Part of ‘Brand Strategy’ – Crypto News
-
Technology7 days agoiPhone users alert! Truecaller to discontinue call recording feature for iOS from September 30. Here’s what you can do… – Crypto News
-
Technology7 days ago
iPhone users alert! Truecaller to discontinue call recording feature for iOS from September 30. Here’s what you can do… – Crypto News
-
others7 days agoUS President Trump issues executive order imposing additional 25% tariff on India – Crypto News
-
Business7 days ago
Analyst Predicts $4K Ethereum Rally as SEC Clarifies Liquid Staking Rules – Crypto News
-
De-fi7 days agoSEC Says Some Stablecoins Can Be Treated as Cash, but Experts Warn of Innovation Risk – Crypto News
-
Business6 days ago
XRP Price Prediction As $214B SBI Holdings Files for XRP ETF- Analyst Sees Rally to $4 Ahead – Crypto News
-
others6 days agoEUR firmer but off overnight highs – Scotiabank – Crypto News
-
Blockchain6 days agoTrump to Sign an EO Over Ideological Debanking: Report – Crypto News
-
De-fi5 days agoRipple Expands Its Stablecoin Payments Infra with $200M Rail Acquisition – Crypto News
-
others5 days agoRipple To Gobble Up Payments Platform Rail for $200,000,000 To Support Transactions via XRP and RLUSD Stablecoin – Crypto News
-
Cryptocurrency4 days agoHarvard Reveals $116 Million Investment in BlackRock Bitcoin ETF – Crypto News
-
Technology4 days agoHumanoid Robots Still Lack AI Technology, Unitree CEO Says – Crypto News
-
Blockchain1 week agoSharpLink Buys $54M in ETH, Holdings Reach $1.65B – Crypto News
-
Business1 week ago
Major U.S. Banks Now pushing “Chokepoint 3.0” to Kill Crypto: a16z Partner – Crypto News
-
others1 week ago
United States CFTC Oil NC Net Positions climbed from previous 153.3K to 156K – Crypto News
-
De-fi1 week agoRipple CTO Admits ‘Even Ripple Can’t Use XRPL DEX’ as XRP Faces Longtime Fan’s Scrutiny – Crypto News
-
Technology1 week agoInfinix GT 30 5G+ confirmed to launch in India on 8 August: Expected price, specs and more – Crypto News
-
De-fi1 week agoEthereum Turns 10: Experts Say ETH Could Hit $40,000 in Next Decade as Network Matures – Crypto News
-
Blockchain1 week agoGENIUS Act Could Limit Stablecoin Appeal Amid Tokenization Boom – Crypto News
-
Blockchain1 week agoTrump CFTC Pick Brian Quintenz Questioned On Kalshi Ties – Crypto News