💥 Gate Square Event: #PTB Creative Contest# 💥
Post original content related to PTB, CandyDrop #77, or Launchpool on Gate Square for a chance to share 5,000 PTB rewards!
CandyDrop x PTB 👉 https://www.gate.com/zh/announcements/article/46922
PTB Launchpool is live 👉 https://www.gate.com/zh/announcements/article/46934
📅 Event Period: Sep 10, 2025 04:00 UTC – Sep 14, 2025 16:00 UTC
📌 How to Participate:
Post original content related to PTB, CandyDrop, or Launchpool
Minimum 80 words
Add hashtag: #PTB Creative Contest#
Include CandyDrop or Launchpool participation screenshot
🏆 Rewards:
🥇 1st
Delphi Ventures partner: The Ethena imitation project will face huge challenges
On August 13, Delphi Ventures partner José Maria Macedo wrote on X platform that Ethena Labs' imitator project will face huge challenges. Macedo pointed out that unstaked USDe actually doubled the basis difference income of sUSDe, making it difficult for competitors to compete. Currently, about 50% of USDe is staked, and the profit obtained by sUSDe unstakers is twice that of manual basis trading. New entrants must be competitive, with returns exceeding twice the basis returns plus ENA implicit returns and risk premiums. Macedo emphasizes that Ethena also has other advantages such as brand and first-mover advantage, and predicts that imitators will have a difficult time recognizing the powerful network effects of stablecoins.