Ethena said it has added tokenized U.S. stocks and U.S. stock perpetual futures to the basis trading strategy used for part of the reserves backing its synthetic dollar, USDe. The change broadens the capital base for that strategy beyond what the company described as a setup previously concentrated mainly in crypto markets.
According to Ethena, the move extends the strategy into listed equities while bringing a traditional asset class into the reserve mix. The firm said the goal is to diversify reserve risk and capture basis trading opportunities in stock markets to provide additional yield support for USDe. The update was cited by Techub News, which referenced Crypto.news.
Ethena has added tokenized U.S. stocks and U.S. stock perpetual futures to the basis trading strategy used for part of the reserves backing its synthetic dollar, USDe, according to Techub News.
The protocol said the move expands the strategy’s capital source beyond what had previously been concentrated mainly in crypto markets, extending it into listed equities.
Ethena said the change is intended to diversify reserve risk by including a traditional asset class and to tap basis trading opportunities in stock markets for additional yield support for USDe.
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