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![Neoo_Nav Avatar](https://lunarcrush.com/gi/w:24/cr:twitter::1446854248461787140.png) Neo Nguyen [@Neoo_Nav](/creator/twitter/Neoo_Nav) on x 2429 followers
Created: 2025-07-14 07:46:13 UTC

Ethena is building the rails for institutional liquidity to bridge to DeFi through USDe, a USD denominated synthetic dollar.

TVL at $5.47B atm; yields via funding rate arbitrage, spot BTC/ETH shorted in derivatives for X% APY without price risk.


XXX engagements

![Engagements Line Chart](https://lunarcrush.com/gi/w:600/p:tweet::1944664717878010168/c:line.svg)

**Related Topics**
[atm](/topic/atm)
[$547b](/topic/$547b)
[money](/topic/money)
[united states dollar](/topic/united-states-dollar)
[usde](/topic/usde)
[neo](/topic/neo)

[Post Link](https://x.com/Neoo_Nav/status/1944664717878010168)