Ethena’s USDe token, sometimes called “artificial greenback,” presents regular yields to buyers by utilizing ether (ETH) liquid staking tokens reminiscent of Lido’s stETH as backing belongings, pairing them with an equal worth of brief ETH perpetual futures place on derivatives exchanges to maintain a “tough goal” of $1 value. That is often known as a “money and carry” commerce, which harvests derivatives funding charges for a yield.
