Ethena x Hyperliquid collab incoming? Looks like Ethena may be teasing a perp DEX based on Hyperliquid called Hyena (@hyenatrade) Two of DeFi's biggest innovations this cycle coming together, $HYPE + $ENA Few things worth noting (all speculation): - Built on Hyperliquid's infra - UI/UX looks very similar - Uses Hyperliquid builder codes, so revenue share with $HYPE (similar to Phantom's model) - Only accepts USDe as collateral - would create more direct demand for Ethena's synthetic dollar - Already seeing incentives and rewards teased in the account's Twitter banner mockups. Something to monitor. Hyperliquid.

Excited to invest in the intersection of RWA, Stablecoins, GPU mining and AI Compute. There exist billions of dollars of capacity for @0xZergs 's GPU loans which deploy to small to medium sized GPU farms, with the underlying hardware and cash deposits as buffer in the default scenario. This materially improves upon uncollateralized loans such as @goldfinch_fi and @maplefinance.

We're fixing the future of AI financing. See you on Monday.

We’ve raised a $13.4M in Series A led by @hiFramework to build USDAI, the dollar that scales AI infrastructure. Public launch on Monday.

Actually think $PUMP is getting interesting here. Arguably similar R:R vs it being at 2.5 Bn: - now consistent with its 97% buyback - recouped market share vs Bonk - probably more catalyst coming with new products. I wonder if they’d do a DAT? - SOL pumping and people may look for beta to chase. one of the top beta (and most profitable) also being new coin with no unlock - Upside convexity as market heats up maybe we get memecoin runners - Weak hand HF and retail from ICO all dumped to chase other stuff. If you diamond handed prob not selling here - As it goes higher I think it’s kind of a must-own for funds that allocate to the space. Upside reclexivity. Could see a case it chasing towards the top Defi coins (008-010 per token)

1/ Ethena's USDe supply is up $3.7B in just 20 days, driven primarily by the Pendle-Aave PT-USDe looping strategy. With $4.3B (60% of total USDe) now locked in Pendle and $3B deposited in Aave, here's a breakdown of the PT loop mechanics, growth vectors, and potential risks:

Imagine if the next tether had a token It’s called $ENA

Introducing Sage by @formthefog. Designed to revolutionize online learning with AI, fully personalized and interactive education. Learn anything. Launching Aug 13th and proud to be leading the Educational ACP Cluster on @virtuals_io. This is just the beginning... #FormTheFog

The Plasma public sale has ended with $373M+ committed to purchasing XPL, representing more than 7x in oversubscription. Plasma mainnet beta will launch with $1B in stablecoin TVL, the fastest chain to reach this number in history. We're grateful for your support and trust.

I remember when Ethena first launched one of the many criticisms was it couldn't scale beyond $1-2b in supply USDe supply +$1,600,000,000 in 7 days