{"id":415664,"date":"2024-04-05T14:03:56","date_gmt":"2024-04-05T12:03:56","guid":{"rendered":"https:\/\/coinacademy.es\/noticias\/ethena-utiliza-bitcoin-como-activo-de-cobertura\/"},"modified":"2024-04-05T14:04:06","modified_gmt":"2024-04-05T12:04:06","slug":"ethena-utiliza-bitcoin-como-activo-de-cobertura","status":"publish","type":"post","link":"https:\/\/coinacademy.es\/noticias\/defi\/ethena-utiliza-bitcoin-como-activo-de-cobertura\/","title":{"rendered":"Ethena incorpora Bitcoin como activo de cobertura para su d\u00f3lar sint\u00e9tico USDe"},"content":{"rendered":"

Ethena utiliza Bitcoin como nuevo activo de cobertura para su d\u00f3lar sint\u00e9tico USDe para generar rendimientos a trav\u00e9s de contratos de futuros.<\/h2>\n

Ethena Labs, una plataforma controversial por su estrategia de inversi\u00f3n innovadora en el campo de las finanzas descentralizadas, da un paso adelante en la evoluci\u00f3n de su d\u00f3lar sint\u00e9tico, el USDe, al integrar Bitcoin como activo de cobertura.<\/p>\n

Estrategia de rendimiento a trav\u00e9s de Bitcoin para el USDe de Ethena<\/h2>\n

Desde su lanzamiento en enero, Ethena ha generado rendimientos mediante la venta corta de contratos de futuros en Ethereum y cobrando tasas de financiamiento. Aunque esta metodolog\u00eda ha sido criticada, ha habido una creciente demanda, con m\u00e1s de $2 mil millones en USDe emitidos hasta la fecha. El USDe tiene como objetivo mantener una paridad constante con el d\u00f3lar estadounidense, comport\u00e1ndose como una stablecoin respaldada por un mecanismo diferente.<\/p>\n

La adici\u00f3n de Bitcoin a las operaciones de la plataforma se presenta como una evoluci\u00f3n destinada a aumentar los rendimientos para los usuarios y promover un mayor crecimiento en la emisi\u00f3n de USDe.<\/p>\n

Mecanismo de funcionamiento de Ethena<\/h2>\n

En Ethena, los usuarios pueden depositar stablecoins como tether (USDT), frax (FRAX), dai (DAI), Curve USD (crvUSD) y mkUSD para recibir el USDe de Ethena, que luego se puede colocar en staking. El retiro toma siete d\u00edas. Los tokens USDe en staking se pueden suministrar a otras plataformas DeFi para generar rendimientos adicionales.<\/p>\n

La plataforma utiliza un mecanismo de futuros similar a una estrategia de “cash and carry“, donde un operador toma una posici\u00f3n larga en un activo mientras vende simult\u00e1neamente el derivado subyacente. Este tipo de transacci\u00f3n es te\u00f3ricamente neutral en cuanto a la direcci\u00f3n (delta neutral) y genera ingresos a partir de los pagos de financiamiento en lugar de los movimientos de precios del activo subyacente.<\/p>\n

Al integrar Bitcoin en sus operaciones, Ethena busca no solo diversificar sus activos de cobertura, sino tambi\u00e9n aprovechar los mercados derivados de BTC, que ofrecen una mayor escalabilidad y liquidez en comparaci\u00f3n con ETH. Ethena afirma que este enfoque fortalece la solidez del USDe, prometiendo un producto m\u00e1s seguro para los usuarios, pero las preocupaciones persisten en la comunidad, a\u00fan traumatizada por el colapso de Terra.<\/p>\n","protected":false},"excerpt":{"rendered":"Ethena utiliza Bitcoin como nuevo activo de cobertura para su d\u00f3lar sint\u00e9tico USDe para generar rendimientos a trav\u00e9s…\n","protected":false},"author":3,"featured_media":415665,"comment_status":"closed","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":"","original_i18n_url":"https:\/\/coinacademy.fr\/actu\/usde-ethena-strategie-trading-bitcoin-soutien-dollar-synthetique\/"},"categories":[128],"tags":[],"coauthors":[],"yoast_head":"\nEthena incorpora Bitcoin como activo de cobertura para su d\u00f3lar sint\u00e9tico USDe - Coin Academy<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinacademy.es\/noticias\/defi\/ethena-utiliza-bitcoin-como-activo-de-cobertura\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ethena incorpora Bitcoin como activo de cobertura para su d\u00f3lar sint\u00e9tico USDe\" \/>\n<meta property=\"og:description\" content=\"Ethena utiliza Bitcoin como nuevo activo de cobertura para su d\u00f3lar sint\u00e9tico USDe para generar rendimientos a trav\u00e9s de contratos de futuros. 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