Hedge

Terra

Yield

Ethena

Coin

<ul class="news-points">
 <li>Tokenized hedge fund Ethena attracts over $2 billion with a 37% yield.</li>
 <li>Skepticism arises about the sustainability of Ethena’s high yields amid market buzz.</li>
 <li>Ethena is one of the most profitable crypto ventures, recording revenue of over $25 million in March.</li>
</ul>
Ethena, a crypto project mirroring a common hedge-fund trade, has <a href="https://www.bnnbloomberg.ca/tokenized-hedge-fund-rakes-in-crypto-billions-with-37-yield-1.2057457#:~:text=(Bloomberg)%20%2D%2D%20A%20crypto%20token,that%20are%20currently%20about%2037%25." target="_blank" rel="noopener noreferrer nofollow">captured</a> the attention of investors, drawing billions in investments and generating significant buzz in the market. However, skepticism is brewing about the sustainability of its current yields, which stand at approximately 37%.
Notably, Ethena is pushing this move via the stablecoin USDe, a synthetic dollar, employing a crypto iteration of the basis trade. This method exploits price differentials between spot and futures markets, akin to a cash-and-carry trade in the crypto realm. This approach has been notably lucrative recently, propelled by soaring token prices and escalating funding rates—the interest paid by bullish traders to maintain futures positions.
Meanwhile, Ethena’s elevated yields have evoked memories of the eye-catching rates offered through Terra Luna’s UST, w…
The post <a href="https://coinedition.com/how-this-tokenized-hedge-fund-generates-billions-in-crypto-with-37-yield/" rel="noopener noreferrer nofollow">How this Tokenized Hedge Fund Generates Billions in Crypto with 37% Yield</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.

How this Tokenized Hedge Fund Generates Billions in Crypto with 37% Yield

Coin Edition

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