{"id":100565,"date":"2024-11-22T08:53:36","date_gmt":"2024-11-22T12:53:36","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=100565"},"modified":"2024-11-22T08:54:13","modified_gmt":"2024-11-22T12:54:13","slug":"deribit-to-add-ethena-usde","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/deribit-to-add-ethena-usde\/","title":{"rendered":"Deribit to Add Ethena USDe as Crypto Margin Collateral"},"content":{"rendered":"\n

Crypto\u00a0derivatives exchange Deribit<\/a> announces plans to integrate Ethena's USDe as rewarding margin collateral. ENA's price jumps 20%.<\/p>\n\n\n\n

\"Deribit<\/figure>\n\n\n\n

The prominent crypto derivatives exchange Deribit announced plans to integrate Ethena\u2019s synthetic dollar, USDe, as margin collateral. <\/p>\n\n\n\n

This move will allow users to earn rewards for holding USDe while utilizing it as collateral in the cross-collateral pool for derivatives trading.<\/p>\n\n\n\n

Ethena Partners With Deribit for USDe Integration<\/h2>\n\n\n\n

Deribit, a leader in crypto options and futures trading, revealed it intends to introduce Ethena\u2019s USDe as part of its cross-collateral pool starting early January, pending regulatory approval. Ethena Labs \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>expressed excitement about the collaboration, stating:<\/p>\n\n\n\n

\n

\u201cWe are excited to announce the upcoming integration of USDe as rewarding margin collateral on Deribit.\u201d<\/p>\n<\/blockquote>\n\n\n\n

USDe, already available as margin collateral on exchanges like Bybit, Bitget, and Gate, offers users the ability to participate in single or multi-exchange derivatives strategies while earning rewards by holding the synthetic dollar.<\/p>\n\n\n\n

Ethena Labs founder Guy Young emphasized the innovation this brings, saying:<\/p>\n\n\n\n

\n

\u201cThis integration of USDe within the cross collateral pool unlocks completely new structured product use cases not previously possible on CEXs with vanilla stablecoin collateral.\u201d<\/p>\n<\/blockquote>\n\n\n\n

Young also highlighted Deribit\u2019s dominant position in the market, controlling 85% of the options trading market share. <\/p>\n\n\n\n

He expects the USDe integration will attract both traditional finance (TradFi) <\/a>and crypto-native trading firms, making it a pivotal platform for USDe use cases.<\/p>\n\n\n\n

ENA Price Surges 20%<\/h2>\n\n\n\n

Following the announcement, ENA, Ethena\u2019s native token, experienced a significant price jump of over 20% in the past 24 hours. <\/p>\n\n\n\n

The token currently trades at $0.62, with a 24-hour low of $0.516 and a high of $0.620. Trading volume also surged by 78%, reflecting growing interest from traders.<\/p>\n\n\n\n

Ethena has been actively expanding the utility of USDe. Last month, the company proposed adding Solana and its liquid staked variants (BNSOL and bbSOL) as reserve assets to back USDe. <\/p>\n\n\n\n

Additionally, it recently integrated sUSDe into Aave, enabling borrowing opportunities worth billions and offering annual percentage yields (APYs) of up to 30%.<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Crypto\u00a0derivatives exchange Deribit announces plans to integrate Ethena’s USDe as rewarding margin collateral. ENA’s price jumps 20%. The prominent crypto derivatives exchange Deribit announced plans to integrate Ethena\u2019s synthetic dollar, USDe, as margin collateral. This move will allow users to earn rewards for holding USDe while utilizing it as collateral in the cross-collateral pool for […]<\/p>\n","protected":false},"author":56,"featured_media":100568,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[12077,19145,19750],"class_list":["post-100565","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-deribit","tag-ethena-ena","tag-usde-stablecoin"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2024\/11\/Deribit-to-Add-Ethena-USDe-as-Crypto-Margin-Collateral.webp","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/100565","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/56"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=100565"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/100565\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/100568"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=100565"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=100565"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=100565"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}