Summary
TLDR: Ethena Labs is offering a 17.2% annual yield to investors who stake stablecoins on their platform through a tokenized “cash and carry” trade strategy. This involves buying an asset and simultaneously shorting it to generate funding payments.
Key Points
1. Ethena Labs offers an annual yield of 17.2% to investors who stake USDe or other stablecoins on the platform.
2. The yield is generated through a tokenized “cash and carry” trade strategy, which involves purchasing an asset while simultaneously shorting that asset to receive funding payments.
3. The 17.2% annual yield is based on a rolling average over the past seven days, providing investors with a consistent return on their staked stablecoins.