Open interest exceeds $2.9 billion, Ethena incorporates tokenized U.S. stock assets into USDe backing strategy

Odaily report: Ethena has incorporated tokenized U.S. stocks and Binance stock perpetual contracts into its USDe basis trade backing strategy: Binance bStocks serve as tokenized spot backing assets and are hedged through Binance stock perpetual contracts to maintain delta neutrality. The Ethena Risk Committee had previously approved the inclusion of tokenized stock basis trades into its allocation strategy. Binance stock perpetual contract open interest currently exceeds $2.9 billion, with a compound monthly growth rate of 105% this year; over the past six months, the average annualized yield of stock basis trades was 3.56%.