I’m 100% convinced @ethena_labs Whitelabel offering is the next big step for crypto adoption. They’re giving every user, chain, app, exchange, and wallet access to stablecoins that are: • Trusted • Flexible yet compliant • Instantly deployable anywhere • Deeply liquid through USDe backing Sui, Jupiter, Caldera, and @megaeth_labs already integrated it to capture value instead of handing it all to Circle. This is how they win vs USDC. And soon, $ENA stakers will get their share of the cake too.

This is why you should farm Ethena’s new season as much as possible. Best way to do it, in my view, is a delta-neutralish setup using Pendle and Hyperliquid: • Long side: mix of USDe YT (Plasma) and sENA YT (Ethereum for boosted multiplier) • Short side: ENA 1x short Not for beginners. If you don’t understand why it’s roughly DN, don’t ape.