We are reintroducing this proposal, which we put forward months ago, because we believe it should be a strategic element in the Tokenomics redesign. Additionally, we think it could be a significant driver for creating long-tail markets.
ETH Collateral and Stablecoin product like Ethena
The opportunity to create a Cash & Carry product, as demonstrated by Ethena, is truly profitable. I believe the project can currently launch a similar product that could generate significant revenue and make long-term leverage much more efficient. If we’re late, it will be Ethena launching a derivatives exchange that will compete with dYdX.