Ethena Labs’ stablecoin has pocketed $4 million for its treasury with high yields derived from ether-future funding rates and staking ether to a validator.
Stablecoin project Ethena Labs has bagged over $4 million for its treasury less than two weeks after going live, showcasing early signs of success with a concept that hasfor its treasury after paying out users, head of growth @MacroMate8 said on X, increasing the treasury amount to over $16 million from nearly $12 million.
Ethena’s high yields are derived mainly from the high ether-future funding rates, as well as staking ether to a validator, which generates less than 4% yearly as of Friday.
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