The protocol’s USDe token, often referred to as “synthetic dollar” instead of a stablecoin, is a structured finance product wrapped in a token. It offers steady yields to investors by using ETH liquid staking derivatives such as Lido’s stETH as backing assets, pairing them with an equal value of short ETH perpetual futures position on derivatives exchanges to keep anchored at $1 price. This strategy is also known as a “cash and carry” trade, which harvests derivatives funding rates for a yield.
Key Takeaways:OKX launched X-Perps for all seven Magnificent 7 stocks in Europe.Traders can gain 24/7 long or short exposure with...
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Litigation expert Thomas Braziel has questioned the...
Key TakeawaysKiyosaki argues gold, silver, bitcoin, stocks, and bonds can be considered a singular correlated bet, not a diversified one.The...
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Kristin Smith, President of the Solana Policy...
ADI Predictstreet went live June 8 and now trades in 23 U.S. states via Fanatics Markets.Gibraltar granted ADI its first...
