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How Ethena is Redefining Digital Finance | Guy Young

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Manage episode 478180911 series 3440809
Content provided by Blockworks. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Blockworks or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

In this episode, we’re joined by Guy Young , Founder at Ethena Labs, to discuss the rapid growth of USDe, the design of their new products like USDtb, and the launch of Converge and Ethereal. He shares insights on stablecoin infrastructure, institutional adoption, risk management, and Ethena’s broader vision to bridge DeFi with TradFi.

Thanks for tuning in!

As always, remember this podcast is for informational purposes only, and any views expressed by anyone on the show are solely their opinions, not financial advice.

--

Resources

Converge Technical Specification & Roadmap: https://x.com/convergeonchain/status/1912853619038461967

--

Special thanks to our sponsor, dYdX!

Stay up-to-date with DeFi’s Pro Trading Platform by following dYdX on X: https://x.com/dYdX

--

Missed DAS? Join us from June 24th-June 26th at Permissionless IV! Use Code 0x10 at checkout for 10% off!

Tickets: https://blockworks.co/event/permissionless-iv

--

Follow Converge: https://x.com/convergeonchain

Follow Ethereal: https://x.com/etherealdex

Follow Guy: https://x.com/gdog97_

Follow Boccaccio: https://x.com/salveboccaccio

Follow Blockworks Research: https://x.com/blockworksres

Subscribe on YouTube: https://bit.ly/3foDS38

Subscribe on Apple: https://apple.co/3SNhUEt

Subscribe on Spotify: https://spoti.fi/3NlP1hA

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the 0xResearch Telegram group: https://t.me/+z0H6y2bS-dllODVh

--

Timestamps:

(0:00) Introduction

(1:45) Recent Product Launches

(5:33) Asset Issuance on Converge

(11:20) Scaling Ethena

(13:12) Considering New Assets For Staking Yield

(15:25) Dealing With Risk

(17:34) USDtb's Place in the Ethena Ecosystem

(21:52) Overview of Ethereal

(24:47) Converge DApps

(28:47) Credit Expansion and Associated Risks

(31:34) dYdX Snippet

(39:12) Will Ethereal Harm Relationships With Exchanges?

(41:17) Protocols Hardcoding USDe to 1$

(44:25) USDe's Competition

(46:10) The Biggest Risks to Ethena

(48:14) The Fee Switch

(52:18) Ethena's Focus Going Forward

--

Check out Blockworks Research today! Research, data, governance, tokenomics, and models – now, all in one place

Blockworks Research: https://www.blockworksresearch.com/

Free Daily Newsletter: https://blockworks.co/newsletter

--

Disclaimer: Nothing said on 0xResearch is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Boccaccio, Danny, and our guests may hold positions in the companies, funds, or projects discussed.

  continue reading

208 episodes

Artwork
iconShare
 
Manage episode 478180911 series 3440809
Content provided by Blockworks. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Blockworks or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://ppacc.player.fm/legal.

In this episode, we’re joined by Guy Young , Founder at Ethena Labs, to discuss the rapid growth of USDe, the design of their new products like USDtb, and the launch of Converge and Ethereal. He shares insights on stablecoin infrastructure, institutional adoption, risk management, and Ethena’s broader vision to bridge DeFi with TradFi.

Thanks for tuning in!

As always, remember this podcast is for informational purposes only, and any views expressed by anyone on the show are solely their opinions, not financial advice.

--

Resources

Converge Technical Specification & Roadmap: https://x.com/convergeonchain/status/1912853619038461967

--

Special thanks to our sponsor, dYdX!

Stay up-to-date with DeFi’s Pro Trading Platform by following dYdX on X: https://x.com/dYdX

--

Missed DAS? Join us from June 24th-June 26th at Permissionless IV! Use Code 0x10 at checkout for 10% off!

Tickets: https://blockworks.co/event/permissionless-iv

--

Follow Converge: https://x.com/convergeonchain

Follow Ethereal: https://x.com/etherealdex

Follow Guy: https://x.com/gdog97_

Follow Boccaccio: https://x.com/salveboccaccio

Follow Blockworks Research: https://x.com/blockworksres

Subscribe on YouTube: https://bit.ly/3foDS38

Subscribe on Apple: https://apple.co/3SNhUEt

Subscribe on Spotify: https://spoti.fi/3NlP1hA

Get top market insights and the latest in crypto news. Subscribe to Blockworks Daily Newsletter: https://blockworks.co/newsletter/

Join the 0xResearch Telegram group: https://t.me/+z0H6y2bS-dllODVh

--

Timestamps:

(0:00) Introduction

(1:45) Recent Product Launches

(5:33) Asset Issuance on Converge

(11:20) Scaling Ethena

(13:12) Considering New Assets For Staking Yield

(15:25) Dealing With Risk

(17:34) USDtb's Place in the Ethena Ecosystem

(21:52) Overview of Ethereal

(24:47) Converge DApps

(28:47) Credit Expansion and Associated Risks

(31:34) dYdX Snippet

(39:12) Will Ethereal Harm Relationships With Exchanges?

(41:17) Protocols Hardcoding USDe to 1$

(44:25) USDe's Competition

(46:10) The Biggest Risks to Ethena

(48:14) The Fee Switch

(52:18) Ethena's Focus Going Forward

--

Check out Blockworks Research today! Research, data, governance, tokenomics, and models – now, all in one place

Blockworks Research: https://www.blockworksresearch.com/

Free Daily Newsletter: https://blockworks.co/newsletter

--

Disclaimer: Nothing said on 0xResearch is a recommendation to buy or sell securities or tokens. This podcast is for informational purposes only, and any views expressed by anyone on the show are solely our opinions, not financial advice. Boccaccio, Danny, and our guests may hold positions in the companies, funds, or projects discussed.

  continue reading

208 episodes

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