12min chapter

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The Chopping Block: The Dawn of the DeFi Civil War - Ethena, SBF, Blast & More - Ep. 628

Unchained

CHAPTER

The Athena Drama in DeFi

This chapter delves into the recent drama surrounding the token Athena, leading to what is being called a DeFi Civil War. It explores the integration of Athena by Maker and the response from Aave, explaining Athena as a tokenized cash and carry trade. The dialogue provides insights into the synthetic dollar created by Athena, incentive campaigns in DeFi protocols, and the tensions between different factions within the ecosystem.

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