Ethena said all token incentives and inflation tied to USDe will end by the close of this month, marking the final phase of a reduction that has already cut such incentives by about 85% since the protocol’s first airdrop in 2024. The project thanked users who participated and helped scale the product to its current size.
According to HTX market data cited in the report, ENA led gains among altcoins on Sept. 26 and touched $0.28. The announcement came a day after Ethena said it had partnered with Binance to extend USDe’s basis strategy beyond crypto perpetuals and into stock perpetuals.
Under that setup, traders buy bStocks, tokenized stock certificates issued by a Binance affiliate, in the spot market and hedge the position by shorting USDT-denominated stock perpetuals on the same platform. The update links Ethena’s latest incentive decision with a broader expansion of how USDe-related strategies are being deployed.
Ethena said on Sept. 26 that all token incentives and inflation linked to USDe will stop by the end of this month, according to BlockBeats.
The synthetic dollar protocol said token incentives tied to USDe growth have already fallen by about 85% since its first airdrop in 2024. After month-end, those USDe-related incentives will no longer be distributed.
Ethena thanked users who took part and helped the product grow to its current scale.
HTX market data cited in the report showed ENA leading gains among altcoins on the day, touching $0.28.
On Sept. 25, Ethena announced a partnership with Binance to expand USDe’s basis strategy from crypto perpetuals to stock perpetuals. The structure involves buying bStocks, tokenized stock certificates issued by a Binance affiliate, on the spot market, then hedging by shorting USDT-denominated stock perpetuals on the same platform.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
