Unchained: Big Ideas From The Worlds Of Blockchain And Cryptocurrency

USDe shattered expectations in 2024, emerging as the largest decentralized stablecoin in circulation and a game changer for DeFi. Ethena’s founder, Guy Young, joins the show to reveal how the protocol surpassed long-established giants, generating billions in fees and setting new benchmarks for yield generation. Guy also breaks down the mechanics behind Ethena’s innovative strategies, including “Aavethena,” a yield-boosting approach that’s changing how users interact with synthetic dollars. Plus, he addresses the risks: what happens when leverage goes too far, and how Ethena mitigates volatility at its core. Will Ethena bridge DeFi and TradFi, leveraging the disconnect between crypto and traditional interest rates to tap into a $100 trillion fixed-income market? Show highlights: Why Guy was surprised to see the rapid rise of USDe Why Guy is spending 80% of his time on bringing Ethena to TradFi The launch of Ethena’s UStb How regulation comes into play and the challenges in different jurisdictions Whether