Token unlocks November 2 to 8: $1.05 billion due, led by HYPE, and Kite's float jumps 27%
Five scheduled unlocks this week add up to about $1.05 billion at November 2 prices, according to CoinGecko's calendars. Hyperliquid's HYPE is almost 80% of the dollar total, but Kite's KITE release is the biggest relative to what already trades.
What is Ethena USDe? How the hedged synthetic dollar works and what can break it
USDe is Ethena's synthetic dollar. It is backed by crypto and stablecoins, with the crypto's price risk canceled out by short futures, and its staked version, sUSDe, earns from that trade until funding rates turn against it.
Ethena Pay adds Earn+, a leveraged USDe strategy on Aave V4, without publishing a rate
Two months after launching a money app on Avalanche, Ethena added Earn+, which supplies USDe and borrows USDT through a vault on Aave V4. There is no stated rate, and deposits are capped at $20,000 to $200,000 by tier.
Ethena's fee switch got zero votes against. So why have ENA buybacks not started?
ENA holders approved revenue-funded buybacks without a single vote against, but buybacks only start once USDe supply reaches $7.5 billion. On November 2 it was about $4.5 billion.