Fantom-Gründer Andre Cronje äußert sich zu negativen Finanzierungszinsen und nicht abgesicherten Vermögenswerten

tldr; Andre Cronje, the founder of Fantom, raised concerns about the risks of non-collateralized stablecoins and high yields, comparing them to the TerraUSD collapse. He highlighted the dangers of negative funding rates and liquidation in unbacked assets. Cronje’s comments were in response to the 27.6% APY offered by USDe, a stablecoin by Ethena Labs, which was higher than TerraUSD’s yield. Ethena Labs’ founder, Guy Young, defended their model, emphasizing measures like an emergency insurance fund and arbitrage mechanics to address negative funding rates, and stated that USDe’s yield is verifiable and generated through staking and shorting Ether futures.

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