Ethena Integrates Tokenized Assets in US Stock Market and Binance Perpetual Contract Hedging Strategy for USDe

Ethena is incorporating tokenized U.S. stocks and Binance perpetual contracts into the foundational trading support strategy for USDe. Binance bStocks will serve as the tokenized spot support asset, while Ethena will hedge through Binance stock perpetual contracts to maintain Delta neutrality. The Ethena Risk Committee has approved the inclusion of tokenized stock foundational trading into the allocation strategy. The open interest for Binance stock perpetual contracts exceeds $2.9 billion, with a monthly average compound growth rate of 105% this year, and the average annualized return for stock foundational trading over the past six months is 3.56%. The company expects that as more stock market assets are brought on-chain, the opportunity scale for stock perpetual contracts will significantly surpass that of the cryptocurrency perpetual contract market. Guy Young, founder of Ethena Labs, stated that this is the most significant expansion of the funding mechanism for USDe since its launch.