POPA ReconEthena (ENA) Brings USDe Yield Into the Coinbase App
Ethena (ENA) Brings USDe Yield Into the Coinbase App Ethena and Coinbase launched their first joint product, the SteakhouseFi High Yield Vault, letting users earn USDe-powered yield on USDC without leaving the Coinbase app. Steakhouse Financial curates the vault while Morpho provides the lending rails, routing USDC into onchain markets backed by Ethena collateral. For Ethena it's a major new distribution channel for USDe, pushing synthetic-dollar yield to Coinbase's mainstream, U.S. user base. 👉 x.com/ethena/status/2065147131070210236
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