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Don't call it a stablecoin: How did a 'synthetic dollar' generate a yield of 113%?

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Tokenizing the cash-and-carry trade, Ethena is turning heads in the crypto market. But some worry its risks are being overlooked amid the latest bull run.

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Arthur Hayes , Bitwise Fusaro , Teddy Fusaro , Young Ju , Silicon Valley Bank , Delegate Labs , Terraform Labs , Staked Ether ,

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