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Cloudbet Integrates Ethena USDe (sUSDe) Stablecoin and ENA Tokens
The post Cloudbet Integrates Ethena USDe (sUSDe) Stablecoin and ENA Tokens appeared on BitcoinEthereumNews.com. Willemstad, Curaçao, Netherlands, June 27th, 2024, Chainwire Cloudbet, a leading cryptocurrency casino and sportsbook, announced the integration of Ethena USDe (sUSDe) and ENA. By integrating sUSDe on the platform, bettors have now the chance to receive returns even when their funds are not being wagered. The move introduces a new level of financial flexibility and efficiency for Cloudbet users. Traditionally, when users deposit funds into their gambling accounts, those funds remain idle until they place their bets. Cloudbet’s integration of sUSDe, the staked version of the algorithmic stablecoin USDe, has entirely shifted the paradigm of betting, setting a new standard for user-centric innovation. “Whether a user is betting or taking a break, their sUSDe continues to earn a yield,” says a Cloudbet spokesperson, “Users can potentially offset their betting costs or enhance their bankroll, generating value beyond their betting activities on the platform.” Cloudbet’s decision to integrate Ethena’s USDe, sUSDe, and ENA comes after a thorough evaluation of the current cryptocurrency landscape and in consultation with the crypto community at large. After speaking with several prominent voices at the forefront of the digital currency world, it became imperative to give this opportunity. The decision to include Ethena tokens and ENA, the governance token for the Ethena protocol which launched at $0.55 in April 2024, is indicative of the platform’s proactive, crypto-native approach to developments in the space. “We, like much of the crypto community, were attracted to Ethena and the concept of the Internet Native Yield,” says the Cloudbet spokesperson, “USDe’s underlying mechanics provide an advantage over the most popular stablecoins, in that users can stake USDe to obtain sUSDe and gain access to the protocol’s generated yield*. It gives Cloudbet users a superior advantage over other bettors – so it was, obviously, a high-priority item in the product roadmap.”…
The post Cloudbet Integrates Ethena USDe (sUSDe) Stablecoin and ENA Tokens appeared on BitcoinEthereumNews.com.
Willemstad, Curaçao, Netherlands, June 27th, 2024, Chainwire Cloudbet, a leading cryptocurrency casino and sportsbook, announced the integration of Ethena USDe (sUSDe) and ENA. By integrating sUSDe on the platform, bettors have now the chance to receive returns even when their funds are not being wagered. The move introduces a new level of financial flexibility and efficiency for Cloudbet users. Traditionally, when users deposit funds into their gambling accounts, those funds remain idle until they place their bets. Cloudbet’s integration of sUSDe, the staked version of the algorithmic stablecoin USDe, has entirely shifted the paradigm of betting, setting a new standard for user-centric innovation. “Whether a user is betting or taking a break, their sUSDe continues to earn a yield,” says a Cloudbet spokesperson, “Users can potentially offset their betting costs or enhance their bankroll, generating value beyond their betting activities on the platform.” Cloudbet’s decision to integrate Ethena’s USDe, sUSDe, and ENA comes after a thorough evaluation of the current cryptocurrency landscape and in consultation with the crypto community at large. After speaking with several prominent voices at the forefront of the digital currency world, it became imperative to give this opportunity. The decision to include Ethena tokens and ENA, the governance token for the Ethena protocol which launched at $0.55 in April 2024, is indicative of the platform’s proactive, crypto-native approach to developments in the space. “We, like much of the crypto community, were attracted to Ethena and the concept of the Internet Native Yield,” says the Cloudbet spokesperson, “USDe’s underlying mechanics provide an advantage over the most popular stablecoins, in that users can stake USDe to obtain sUSDe and gain access to the protocol’s generated yield*. It gives Cloudbet users a superior advantage over other bettors – so it was, obviously, a high-priority item in the product roadmap.”…
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