Ethena extends the basis trade to stock perpetuals and calls it the biggest upgrade to USDe's collateral since launch • Ethena partners with Binance as the first venue to extend the basis trade to stock perpetuals • D2 Finance already runs this strategy between IBKR (the broker) and Hyperliquid, at over 11% annualized on a small sleeve • D2 Finance does not trade on Binance. It says USDe gives it exposure to that venue's basis trade, with ADL priority it could not get on its own • ADL (auto-deleveraging) is how an exchange closes winning positions when it cannot cover other traders' losses. A

Enso lets you buy, enter a vault or mint on another chain with a single integration • Enso Crosschain Routing is now live in production • One integration covers buying an asset, entering a vault, minting a token or reaching yield on another chain • Before, you had to integrate a bridge and the destination action chain by chain. With Enso, one integration covers the whole flow Source: Enso | ⌘ ️ on X

Bitcoin's volatility index now trades on Hyperliquid with up to 5x leverage • BVIV, known as the crypto VIX, measures market sentiment and the risk traders expect on bitcoin • Listed on Markets xyz, inside Hyperliquid • A partnership between Markets xyz, Volmex Finance, Perpsinc and Seda Protocol Source: Kinetiq on X