Follow UsBeyond crypto funding rates: Ethena diversifies USDe backing with $1 billion FalconX facility
Bullish+140.64%
19 Aug, 13:00
Source: CoinDesk
AI Summary
Ethena diversifies USDe stablecoin backing with a $1 billion FalconX warehouse facility, adding institutional loan exposure as a new yield source while reducing reliance on crypto funding rates.
The warehouse facility gives Ethena another source of returns for the assets backing USDe while channeling onchain capital into overcollateralized institutional loans.