Ethena USDe backing Reveals $1 billion FalconX facility
Ethena Labs has entered a strategic partnership with prime broker FalconX to establish a $1 billion warehouse facility aimed at diversifying its Ethena USDe backing. The agreement enables the protocol to channel on-chain capital into overcollateralized institutional loans, marking a significant departure from its historical reliance on perpetual futures funding rates. Key Points: The warehouse … Read more