0xResearch Cross-Post: How Ethena is Redefining Digital Finance | Guy Young
Bell Curve
Intro
This chapter emphasizes the significance of customizing digital finance products to attract institutional capital, urging a shift away from superficial DeFi games. It also highlights Arkham's insights into crypto market players and promotes the Permissionless4 event featuring industry experts.
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.
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Resources
Converge Technical Specification & Roadmap: https://x.com/convergeonchain/status/1912853619038461967
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Arkham is a crypto exchange and a blockchain analytics platform. Arkham allows crypto traders and investors to look inside the wallets of the best traders, largest funds and most influential players in crypto, and then act on that information.
Sign up to Arkham: https://auth.arkm.com/register?ref=blockworks
Eligibility varies by jurisdiction. Users residing in certain jurisdictions will be excluded from onboarding.
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Ledger, the global leader in digital asset security, proudly sponsors Bell Curve! As Ledger celebrates 10 years of securing 20% of global crypto, it remains the top choice for securing your assets. Buy a LEDGER™ device now, and build confidently, knowing your BTC, ETH, SOL, and more are safe.
Buy now on https://shop.ledger.com/?r=1da180a5de00.
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Traders, AI enthusiasts, and degens—listen up! The game is changing, and DESK is leading the charge. Welcome to the next generation of perpetual trading—where cutting-edge technology meets AI-driven automation.
Trade today at https://desk.exchange/?register-channel=BWpodcast and follow @TradeOnDESK on X!
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Missed DAS? Join us from June 24th-June 26th at Permissionless IV! Use Code BELL10 at checkout for 10% off!
Tickets: https://blockworks.co/event/permissionless-iv
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Follow Converge: https://x.com/convergeonchain
Follow Ethereal: https://x.com/etherealdex
Follow Guy: https://x.com/gdog97_
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Join the 0xResearch Telegram group: https://t.me/+z0H6y2bS-dllODVh
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Timestamps:
(0:00) Introduction
(1:41) Recent Product Launches
(5:29) Asset Issuance on Converge
(11:15) Ads (Arkham & Ledger)
(11:53) Scaling Ethena
(13:45) Considering New Assets For Staking Yield
(15:58) Dealing With Risk
(18:07) USDtb's Place in the Ethena Ecosystem
(22:21) Ads (Arkham & Ledger)
(23:30) Overview of Ethereal
(26:26) Converge DApps
(30:25) Credit Expansion and Associated Risks
(33:12) Ads (Desk & Morpho)
(34:07) Will Ethereal Harm Relationships With Exchanges?
(36:12) Protocols Hardcoding USDe to 1$
(39:20) USDe's Competition
(41:04) The Biggest Risks to Ethena
(43:08) The Fee Switch
(47:12) Ethena's Focus Going Forward
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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.
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