What makes USDe different from USDT or USDC?

USDe is synthetic and crypto-backed, not fiat-backed. It uses delta-neutral strategies to maintain its peg.

How does Ethena maintain its $1 peg?

Via delta-neutral positions: long ETH and short perpetuals to balance price movement.

What role do staked ETH and LSTs play?

They provide yield and collateral. Rewards come from both staking and derivatives.

Is Ethena’s yield sustainable?

Yields derive from real market incentives (not printed APY). Unlike Anchor, it's not subsidized.

What are the risks of holding USDe or ENA?

Depeg, smart contract failure, centralized exchange exposure, derivatives risks.

Does Ethena use centralized exchanges?

Yes, for executing short positions, which adds some custodial risk.

Can USDe be used across DeFi?

Yes, it's live on platforms like Curve, Pendle, and Morpho.

What does the ENA token do?

ENA is for governance and may later capture value from protocol revenues.

Is Ethena compliant with regulations?

It's operating in a legal gray zone. Future scrutiny is likely.

How does Ethena compare to DAI or sUSD?

It’s more capital-efficient than DAI and more stable than SNX-backed synths like sUSD.

Ethena (ENA) News: Latest Updates, Headlines & Analysis

Read all the latest crypto news curated from the best local news sources globally. We provide up-to-date crypto news items so you can make the best investment choices.

News

YZi Labs Sells $37.8M ENA While Maven 11 Capital Buys $21.3M

Sep 17, 20253 Min read

Shweta Chakrawarty

Author

Altcoin News

Ethena Wallet Deposits 5M ENA ($3.27M) to Binance Today

Sep 5, 20253 Min read

Shweta Chakrawarty

Author

Altcoin News

Ethena Price Surge: Bullish Momentum or Short-Term Hype?

Jul 31, 20253 Min read

Hanan Zuhry

Author

News

TLGY’s Bold ENA Token Bet Signals Major Shift in Crypto Investment Strategy Beyond Bitcoin

May 30, 20252 Min read

Triparna Baishnab

Author

News

Ethena (ENA) Analysis: Whales Buy Big as Futures Surge 194%—Is $1.20 Next?

Apr 26, 20253 Min read

Victor Muriki

Author