So they are a bank now. Ethena thinks slapping a neobank interface on… — Crypto Odyssey Hub — TG.ME

So they are a bank now. Ethena thinks slapping a neobank interface on USDe solves the silo problem. It is just more technical debt disguised as a product. The idea is to swap your salary into their synthetic dollar for that sweet basis yield. But what happens when the basis tightens and the yield turns negative? They are gambling on mainstream adoption to survive. My feet hurt from standing on the floor all day. They want a financial hub, but all I see is a high-stakes bet on regulatory indifference. @cryptoodysseyhub