Ethena: Crypto's Next Bank Run or a Tokenized Hedge Fund? | Roundup

In this week's roundup Jason and Santi are joined by Blockworks research analyst Matt Fiebach to unpack USDe, crypto's latest high yield synthetic dollar. They dig into Ethena lab's latest token aiming to offer high yields from basis trading strategies. The conversation then delves into the implications of Gauntlet's departure from Aave, highlighting the challenges of DAO governance and the dynamics of service providers. The discussion closes out on the return of NFTs and if apps will outperforn base layer tokens in bullish ecosystems. Stay tuned for all this and more!

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(00:00) Introduction

(05:52) Ethena USDe Product Controversy

(16:54) Biggest Risk of USDe

(26:19) USDe Usecase

(29:02) Seeking High Yields

(35:26) Gauntlet Leaves Aave

(48:58) Wormhole Ad

(50:24) Paypal Ad

(51:22) What are you bullish on?

(57:33) Are NFTs Investments?

(01:05:57) Infrastructure vs App Tokens

(01:10:57) Yuga Labs Acquires Moonbirds

(01:14:31) Crypto Companies Understanding Users

(01:21:46) Dopamine Economy

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Disclaimer: Nothing said on Empire 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. Santiago, Jason, and our guests may hold positions in the companies, funds, or projects discussed.

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