The $750M Reward Mirage: Ethena's Funding Rate Dependency Is a Structural Time Bomb
Ethena has distributed over $750 million in rewards since its launch. That...
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Fear
Market Sentiment
Circulating supply increases by about 2%
Team and early investor shares released
Improves data availability sampling efficiency
92 million ARB released
Block reward halving event
Independent validator client goes live on mainnet
Raises validator limit and account abstraction
Block reward reduced to 3.125 BTC
Bitcoin Season
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Ethena has distributed over $750 million in rewards since its launch. That...
Hook Seven hundred and fifty million dollars. That is the staggering sum Ethe...