Ethena Labs: Users can currently deposit ENA into Pendle and receive 30 times the rewards daily

ChainCatcher news, Ethena Labs announced two important updates on social media:

1. Users can now deposit $ENA into Pendle Finance and receive 30x rewards daily, with a cap of $100 million.
2. The $ENA locked amount has approached $200 million, and the cap has been immediately increased to $300 million.

It is reported that the uniqueness of this pool lies in the fact that YT buyers not only receive a higher 30x reward than USDe but can also use YT to meet at least 50% of the $ENA vs USDe requirement.

In addition, the Ethena protocol released its first custody proof today to continue enhancing the protocol's transparency. The summary of the document is as follows:

• USDe supply: $2.358 billion;
• Backup assets per proof: $2.365 billion;
• Reserve fund: $32.7 million;

The total backup amount is 101.65% of the USDe supply.