A new template for institutional yield, tested live on Solana
A new template for institutional yield, tested live on Solana Ethena seeded two $200M USDG lending markets on Solana (Kamino/Sentora, Jupiter Lend/Bitwise) for a USDe→USDG leverage loop targeting ~20% APY Bitwise as curator is the first traditional asset manager ($11B AUM) running live risk parameters on Jupiter Lend, making this the clearest template yet for regulated-TradFi-meets-onchain structured fixed income For Ethena specifically: USDe supply on Solana went 230x in 5 days ($1.5M → $350M), almost entirely absorbed by these two pools https://dune.com/blog/lending-institutional-curatio…
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