Stablecoin Sean
@seanlippel
Crypto x AI's on-chain Robinhood 🎯. Helping fix broken capital formation through post-token launch investment and support. GP @fintech_io
I just published "Decentralized Finance Is a Continuum." The financial services sector is at the dawn of a new era of network-based finance — an era characterized by transparent, trustless, secure, and programmable financial products. link.medium.com/dJSqIsxGNU
From July 22 to July 25, 83 million ENA have been acquired across public venues under the buyback program initiated by an Ethena Foundation subsidiary, via third-party market makers. Periodic progress updates will be provided as the buybacks are executed.
If you’re sidelined and thinking it’s too late to buy $ENA - read this and you’ll probably change your mind: 1. Regulatory Positioning and Institutional Alignment - @ethena_labs's USDtb, developed with Anchorage Digital, is set to become the first regulated U.S. stablecoin under…
We continue to accumulate more $grph (@soulgra_ph) & $wave (@WaveformBackup) as evidenced on-chain And have two more 10 - 15% positions thats we will be annoumcing in Q3/Q4
you guys are really gonna bet against this? not me.
fuck it saylor mode
$ENA is a future top 10 coin Every time I speak to @gdog97_ I am reminded of this
Ethena team are really executing at the highest level possible now. Combined with the biggest structural tailwind and narrative this cycle, reaching ATH again is just a matter of time.
Ethena is set to become the first stablecoin developer whose product has a clear path to full compliance with the U.S. GENIUS Act Through our partnership with @Anchorage, the only federally chartered crypto bank, USDtb will move onshore to become a U.S. federally regulated…
only in crypto do we get such obviously mispriced assets $SKY has been mispriced all year it's outperformed the market since Feb, but the fundamentals of the asset continue to grow it's a complex asset to understand, but once you do, it becomes very obvious
the past few days $SPK has run >3x, now ~$1.43bn FDV meanwhile $SKY hasn't moved yet, now ~$1.97bn FDV but the Sky treasury actually holds 65% of $SPK (w/ plans to use over 10 years to incentivize USDS growth), now worth ~$1bn feels like one side is mispriced
more specifically "at least one side is mispriced" good chance SPK cools off after insane run, but leveling out meaningfully higher than before (id guess likely) = huge catalyst for SKY they shouldn't be priced this close to each other imo, SKY should trade at multiples of SPK
the past few days $SPK has run >3x, now ~$1.43bn FDV meanwhile $SKY hasn't moved yet, now ~$1.97bn FDV but the Sky treasury actually holds 65% of $SPK (w/ plans to use over 10 years to incentivize USDS growth), now worth ~$1bn feels like one side is mispriced
I remember when Ethena first launched one of the many criticisms was it couldn't scale beyond $1-2b in supply USDe supply +$1,600,000,000 in 7 days