Under the guise of stablecoins, is ENA a model innovation or a valuation scam? Is Ethena just an overvalued hedge fund? What it aims to build is a massive CeDeFi ecosystem. Article by: Alex Liu, "'Stablecoin' is just Ethena's disguise. Now let's take off the disguise: you have transferred funds to a trading company."
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Under the guise of stablecoins, is ENA a model innovation or a valuation scam? Is Ethena just an overvalued hedge fund? What it aims to build is a massive CeDeFi ecosystem. Article by: Alex Liu, "'Stablecoin' is just Ethena's disguise. Now let's take off the disguise: you have transferred funds to a trading company."