Ethena’s USDe token, sometimes called “artificial greenback,” affords regular yields to traders by utilizing ether (ETH) liquid staking tokens equivalent to Lido’s stETH as backing belongings, pairing them with an equal worth of brief ETH perpetual futures place on derivatives exchanges to maintain a “tough goal” of $1 worth. That is also called a “money and carry” commerce, which harvests derivatives funding charges for a yield.
