Ethena Labs’s synthetic dollar could grow to become the third-largest asset among stablecoins, thanks to its competitive yield, according to Delphi Labs’ José Maria Macedo.
Ethena Labs will become the highest revenue-generating cryptocurrency project on the market, according to José Maria Macedo, the CEO of Delphi Labs and the founding partner of crypto investment firm Delphi Ventures.
Ethena Labs is one of the highest conviction bets for Delphi Ventures during this bull cycle, according to an April 2 blog post by Delphi Labs’ Macedo, who wrote:
Ethena Labs became the highest-earning decentralized application (DApp) in crypto on March 8, when offered a 67% annual percentage yield (APY) on USDe. Ethena launched its USDe synthetic dollar on the public mainnet on Feb. 19.
