Ethena USDE looping on MegaETH offers about 6% yield, with the 100M USDE cap filled and plans to raise it to 500M. Ethena stablecoin looping on MegaETH is becoming a major source of DeFi activity. Users deposit USDE, borrow USDM, and repeat the process to seek higher yield.  The setup offers about 6% in reported … Continue reading Ethena Stablecoin Looping on MegaETH Drives Yield and Chain Revenue