ilmscore | Prediction Details
">> The mechanics of Athena is different. The way it generates the yield um as and obviously Luna also had this mint and burn mechanism with US or stake through the anchor protocol. What ENA does is is it basically just tokenizes a cash and carry trade. So it goes and it goes uh shorts the futures long ETH staked ETH and then it's able to generate the yield there and it's all completely delta hedged."
By Coin Bureau | July 28, 2025 | Pending
From video
Bitcoin ATHs on THIS DAY, ETH to $4K, ENA Pump, Bittensor, Altcoin Surge & More 00:53:33 - 00:53:53
Interpreted Prediction
Ethena generates yield by tokenizing a cash and carry trade, involving shorting futures and longing staked ETH, with a delta-hedged strategy, which differs from Luna's mechanism.

Prediction Details

Topic
Ethena Protocol Mechanics

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