12min chapter

The Defiant - DeFi Podcast cover image

How USDe Pays The Highest Stablecoin Yield | Ethena Founder & CEO Guy Young

The Defiant - DeFi Podcast

CHAPTER

Yield Distribution and Scalability of Athena Stablecoin

The chapter explores the distribution of yield in state USD holder staking, discussing the insurance fund and adjustments to ensure stable funding rates. It delves into scalability comparisons with DAI and SDI, estimating growth potential and discussing limitations in size due to funding rate dynamics. Additionally, it touches on USC's positioning between over-collateralized and centralized stablecoins, addressing potential collateral types like stake ETH and risks associated with deep pegs.

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