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How USDe Pays The Highest Stablecoin Yield | Ethena Founder & CEO Guy Young

How USDe Pays The Highest Stablecoin Yield | Ethena Founder & CEO Guy Young

FromThe Defiant - DeFi Podcast


How USDe Pays The Highest Stablecoin Yield | Ethena Founder & CEO Guy Young

FromThe Defiant - DeFi Podcast

ratings:
Length:
67 minutes
Released:
Mar 4, 2024
Format:
Podcast episode

Description

Guy Young is the founder and CEO of Ethena Labs, which is the entity behind Ethena, the synthetic dollar protocol built on Ethereum. Ethena also introduces a universally available dollar-linked savings option known as the 'Internet Bond'. Ethena introduces an innovative stablecoin model. Throughout our discussion, we thoroughly explore the mechanics and intricacies of Ethena, gaining a deeper understanding of its operation and the risks involved.

0:00 Intro
1:24 Guy Young's Background and Ethena Origin Story
5:33 How is USDe Different?
11:56 Off Exchange Provider Risks
20:23 ETH Short Positions
31:08 Insurance Fund
38:35 USDe Scalability
42:44 New Collateral
45:35 Staked ETH Depeg
48:48 Stablecoin / USDe Use Cases
57:33 Ethena Airdrop
1:00:00 Biggest Risk
1:02:42 Success for Ethena
1:05:40 Revenue

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#TheDefiant​ #DeFi​ #Decentralized​ #Finance​ #Blockchain #Web3
Released:
Mar 4, 2024
Format:
Podcast episode

Titles in the series (100)

The internet of money is being built with blockchain technology and without banks. We call it DeFi, short for Decentralized Finance, and this is where you can hear the builders and users of this cutting edge world tell their stories first hand. Hosted by Camila Russo.