Guy Young is the Founder of Ethena Labs.
In this episode, we dive into questions from listeners about the increasingly popular DeFi protocol, Ethena, and its multibillion-dollar protocol powering an onchain tokenized basis trade. Guy shares what’s made Ethena so successful right out of the gate growing the USDe market cap to $2B in less than a few months, the impact of the Ethena Effect on DeFi, and what to know about their recent ENA token launch.
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Timestamps
0:00 - Intro
5:08 - Reflecting on Ethena's launch
6:30 - Insane growth of Ethena
9:24 - Maker raising the DSR and the Ethena Effect
11:34 - What happens when funding rates go negative
16:30 - Power of USDe's composability
19:07 - Synthetic dollar vs tokenized basis trade
22:34 - Ethena's insurance fund
25:10 - Season 1 - Shards Campaign
26:54 - Importance of Pendle
33:57 - Adding BTC and Season 2, Sats Campaign
35:35 - Adding LRTs?
37:53 - Expanding to Mantle and more L2s
39:04 - ENA launch and airdrop
41:02 - Closing
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🔗 Guest Links 🔗
► Ethena Website: www.ethena.fi/
► Ethena ENA Airdrop and Season 2 Sats Campaign post: mirror.xyz/0xF99d0E4E3435cc9C...
► Ethena on Twitter: / ethena_labs
► Guy on Twitter: / leptokurtic_
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If you're a DeFi/Web3 builder, contact our team at: fourthrevolution.capital/
All opinions expressed by hosts and podcast guests are solely their own opinions and not necessarily those of Fourth Revolution Capital. Podcast guests and 4RC may have positions in the assets or other matters discussed in this podcast. Nomatic and DeFi Dad invested in the most recent Ethena investment round. This podcast is for informational purposes only and should not be relied upon as a basis for investment decisions. Do your own research. This is not a recommendation or endorsement to buy any token(s) related to any platform(s) discussed.