Ethena said Sept. 25 that it is beginning to allocate USDe backing to equity-basis trades through Binance, its first exchange partner for the strategy. The trades will pair bStocks tokenized equities with short positions in Binance’s USDT-denominated equity perpetuals. “Allocations begin today,”... Read the full story at The Defiant
Crypto
Ethena Starts Equity-Basis Rollout for USDe With Binance
The strategy pairs bStocks with short equity perpetuals, while eligible hedged accounts receive lower auto-deleveraging priority.
