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Ethena’s USDe token, sometimes called “artificial greenback,” gives regular yields to traders through the use of ether (ETH) liquid staking tokens corresponding to Lido’s stETH as backing property, pairing them with an equal worth of brief ETH perpetual futures place on derivatives exchanges to maintain a “tough goal” of $1 value. That is also called a “money and carry” commerce, which harvests derivatives funding charges for a yield.
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