It's a perfect moment to take a look at @ethena_labs and its yield-bearing stablecoin
Why?
They just announced $USDe will be available on $TON, and by being on @ton_blockchain, it also means that it will be available to basically every @telegram user
Hold, send, receive, stake and spend $USDe directly from a Telegram Mini App
Ethena's synthetic $USD is the 3rd biggest stablecoin, with $4.67B in market cap, it's also the #26 crypto by capitalization
Its success is thanks to the innate yield it provides to holders
Stake it and you'll get $sUSDe, which has an APY of ~18%
▶️ Remember that it's a stablecoin
Most yields on $ETH or $SOL (or other alts for what matters) don't get that high
Plus you get $ENA rewards for using Ethena's protocol
Where's the degen part?
Let's have a quick detour on @pendle_fi 👇
When you open Pendle's dApp, Ethena is the first 2 options that come out
You know the drill about Pendle (if you don't, study up): Split a token into principal and yield, speculate on APYs variation, add an infinity of letters to a ticker to earn more
You can do quite a good number of things with both $sUSDe and $USDe, and on multiple chains (BSC, $ETH, $BERA)
▶️ Add a nice 6/7% APY on top of the base one if you're a chill guy
Or go full degen and hunt for crazy ROIs by speculating on the yield rising
I've seen some people achieve ridiculous APYs to up of 640%, of course with some help from the market, but still
And I've only looked at Pendle here, definitely worth keeping an eye on Ethena's DeFi


23.62K
142
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.