On Ethena, users can deposit stablecoins such as tether (USDT), frax (FRAX), dai (DAI), Curve USD (crvUSD) and mkUSD to receive Ethena’s USDe, which can then be staked. Unstaking takes seven days. The staked USDe tokens can be supplied to other DeFi platforms to earn additional yield.
Web3 in the Middle East: Do All Roads Lead to Riyadh?
With a young population, enormous government funding and the hope of favorable regulation, expectations are high that Saudi Arabia will...