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 TakeawaysBitcoin long traders lost $584 million in a single Monday session, the largest long wipe-out since early February.Bitfinex analysts...
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure Tech entrepreneur Austen Allred was among the...
The centralized exchange landscape has consolidated sharply since 2022. CoinGecko’s Q1 2026 industry reporting shows the top-ten centralized exchanges recorded...
Key TakeawaysMini Shai-Hulud exploited GitHub Actions on May 19, compromising 300+ npm packages across 16M weekly downloads.The malware installs a...
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure The XRP Ledger is hosting tokenized US...
