It feels like @ethena_labs has been making too many moves lately. First, they announced the launch of their own asset management dedicated public chain @convergeonchain, collaborating with @BlackRock and others to engage in TredeFi asset issuance and management. At the same time, to improve the utilization of their synthetic dollar positions, they created their own on-chain DEX @etherealdex. To embed synthetic dollar positions into traditional finance, they also developed something called iUSDe. Later, they learned from @ResolvLabs' priority/subordinated fund pool model and are building a similar fund pool protocol @strata_money on their public chain. Considering that sUSDe is a yield token, directly doing LP on-chain would incur impermanent loss, so they want to learn from the wstETH to stETH model and are preparing to launch their own @Terminal_fi on their public chain, wrapping sUSDe into rUSDe, allowing for official no-loss exchanges and built-in yield generation. After completing this series of actions, seeing ETH learn from MicroStrategy, they also announced their own MicroStrategy model for ENA, aiming to pump a mining coin. Finally, all of these ecological protocols can also be nested for staking; eUSDe can be deposited into @strata_money, and it is estimated that later it can also be nested with @Terminal_fi, creating three dollars of TVL from one dollar of liquidity. - @ethena_labs' series of operations feels like a significant step forward; they want to do everything and have positioned themselves as a bridge between Wall Street and the crypto world in TradeFi. According to historical patterns, it will either lead to a big wave or a significant pull; what do you all think, crypto enthusiasts?