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Block’d Social & Avax Labs Unite for Censorship-free networking


In a massive breakthrough towards the future of social media, Block’d Social just signed a record contract with Avax Labs, and some exciting times are ahead. This partnership is like the formation of a centralized social platform that conditions people to enjoy more freedom of expression...

Ethena Labs to Scale USDe Stablecoin with Bitcoin Backing


Ethena Labs plans to use Bitcoin as backing to expand the capacity and stability of USDe stablecoin, which is currently backed by only Ethereum liquid staking tokens. The post Ethena Labs to Scale USDe Stablecoin with Bitcoin Backing appeared first on Cryptonews

Fantom Creator Warns of Potential Crypto Meltdown Due to Risky Incentives


Fantom creator Andre Cronje recently expressed concerns about risk management practices within a specific DeFi project, indirectly referencing Ethena Labs' synthetic dollar, USDe. The post Fantom Creator Warns of Potential Crypto Meltdown Due to Risky Incentives appeared first on Cryptonews

MakerDAO Considers $600 Million DAI Allocation into USDe and sUSDe


MakerDAO evaluates a proposal to allocate $600 million of its DAI stablecoin into Ethena Labs' USDe and staked counterpart sUSDe to enhance liquidity and financial resilience. The post MakerDAO Considers $600 Million DAI Allocation into USDe and sUSDe appeared first on Cryptonews

Polygon Labs CEO condemns Ethereum L3 as Degen mints millionaires


With the Degen Chain Network launch, a few high-rollers have been attracted to it, along with a range of criticisms due to its overgrowing success. Degen chain used Arbitrum Orbit to develop infrastructure provider Syndicate on March 28. It is a specialized ultra low cost network using Degen Token...

Theta Labs announces the debut of Theta EdgeCloud with other AI models


Theta Labs has announced that it is closer to the launch of Theta EdgeCloud. The AI-backed model is in the final stages of completion, after which Theta Labs will announce the launch date. It will empower developers to deploy popular generative AI and large language models. This includes Llama...

Ethena Labs announces the launch of ENA


Ethena Labs has announced the launch of ENA tokens. Users can claim the token effective April 2, 2024. The launch of the ENA token marks the beginning of achieving the vision that Ethena Labs desires to strengthen the decentralization of its protocol. Ethena Labs has referred to the token...

OpenZeppelin forms an exclusive collaboration with Chainlink Labs


OpenZepplin forges an exclusive collaboration with Chainlink Labs to encourage a more secure and reliable blockchain arena.  Through collaboration, the Chainlink BUILD program will be totally backed by the Chainlink BUILD program, which encourages upcoming startups and speeds up the overall growth...

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