ETHENA

$USDe (made by Ethena) is an Ethereum-based stablecoin secured by derivatives. It achieves price stability through "delta-neutral" hedging across centralized and decentralized venues. Put simply, USDe is backed by a long staked ether position and a short ether position.

A few days ago, Ethna unveiled its scoring system called 'Shards'. Shards incentivized users to enter a huge amount of liquidity into this protocol to buy an hold USDe, stake it, or LP its pools; Furthermore, you can also join this platform using my referral link and start collecting shards!

In this dashboard, I will investigate this platform and see how Shards affect Ethna!

This dashboard is made by Mrfti using FlipsideCrypto database.

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