Ethena Labs received more than $4 million in funding reserves for its treasury within two weeks of going online

According to CoinDesk on March 8th, Ethena Labs' stablecoin USDe has obtained a reserve of $4 million through Ethereum futures financing rates and delegating Ethereum to validators. The project achieved early success with a controversial concept, increasing its reserve to over $16 million and becoming the third largest source of revenue in the cryptocurrency market.