Ethena
Project Twitter: https://x.com/ethena_labs
Project website: https://www.ethena.fi/
Number of tokens unlocked this time: 210 million
Unlocked amount: Approximately US$83.98 million
Ethena Labs' algorithmic stablecoin USDe currently relies on BTC, stETH, and their inherent yields as collateral. It simultaneously creates short positions in both Bitcoin and ETH to balance the Delta and utilizes perpetual/futures funding rates to maintain the peg and provide yield. Essentially, it uses spot profits to hedge against a 100% loss on short positions, achieving balance while still allowing users to earn ETH staking rewards and short position funding rates.
The specific release curve is as follows:
Space and Time
Project Twitter: https://x.com/SpaceandTimeDB
Project website: https://www.spaceandtime.io/
Number of tokens unlocked this time: 24.72 million
Unlocked amount: Approximately US$1.31 million
Space and Time is a decentralized data warehouse and platform that provides scalable, trustless data computation and verification for Web3 applications.
The specific release curve is as follows:
- 核心观点：Ethena与Space and Time代币即将解锁。
- 关键要素：
- Ethena解锁2.1亿枚，价值8398万美元。
- Space and Time解锁2472万枚，价值131万美元。
- Ethena USDe机制依赖现货收益与空头对冲。
- 市场影响：解锁或增加市场抛压，影响代币价格。
- 时效性标注：短期影响
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