Ethena has launched its stablecoins, USDe and tsUSDe, on the TON blockchain. These assets are now accessible through wallets like TON Space, MyTonWallet, TonHub, and TonKeeper.
With this move, Telegram users can access dollar savings and decentralized finance right in the app they use every day. There are many ways for users to obtain USDe. They can purchase it on Ethereum or other networks and bridge it to TON.
They can also buy it directly on TON using USDT or other assets. Another option is to withdraw USDe from centralized exchanges like ByBit or Gate. After acquiring USDe, users can stake it for tsUSDe and start earning rewards.
USDe Claim Amount Increases Every 8 Hours
The USDA token is a yield-bearing asset. Its value compounds over time with the accumulation of rewards. Hence, the amount of USDe that a user can claim from tsUSDe increases every eight hours. This gives users a dependable as well as growing return on their digital dollars.
To incentivize adoption, Ethena launched a 16-week campaign. This initiative offers a higher annual percentage yield to qualifying tsUSDe holders. Initially boosted the yield by 10%, which tapers down to 5% in the final weeks. On top of that, the base APY that tsUSDe already provides is 8%.
Rewards are paid in TON and go directly to user wallets. To qualify for the boosted rewards, users must hold at least 10 TON and 10 tsUSDe. They must also use one of the supported wallets and verify eligibility.
Ethena Launch Bridges Messaging and DeFi
The increased APY applies to up to 10,000 USD per wallet. Any tUSDT above that amount will earn the base reward. Staking options vary slightly across wallets. In TON Space, users click on the USDe section and then select “Stake” or “Start Earning.”
In MyTonWallet, the “Earn” button leads to staking. TonHub users click on “Start Earning” in the Earnings tab. TonKeeper users get to stake through a mini app by StonFi, which also allows buying and staking USDe in one flow.
Such an integration would further widen the horizons for Telegram users to save in a decentralized and accessible manner. The launch of Ethena on TON embodies the further evolution of the relationship between messaging platforms and DeFi instruments.
