Ethena Labs, Binance ile ortakl\u0131k kurarak USDe delta-n\u00f6tr i\u015flem stratejisini hisse senedi vadeli s\u00fcrekli (perpetual) s\u00f6zle\u015fmelerine ta\u015f\u0131d\u0131 ve ilk i\u015flem platformu olarak Binance\u2019i kullanacak. Yap\u0131, kripto taraf\u0131ndaki yakla\u015f\u0131m\u0131 yans\u0131t\u0131yor: Ethena, bStocks (halka a\u00e7\u0131k \u015firketlerin tokenle\u015ftirilmi\u015f hisseleri) tutarken, fiyat riskini n\u00f6tralize etmek ve kald\u0131ra\u00e7l\u0131 i\u015flem yapan yat\u0131r\u0131mc\u0131lardan kaynaklanan fonlama \u00f6demelerini yakalamak i\u00e7in USDT cinsinden hisse senedi perpetual vadeli i\u015flemleriyle hedge edecek. Ethena, bu ad\u0131m\u0131n temel teminat\u0131 i\u00e7in hedeflenebilir pazar\u0131 yakla\u015f\u0131k 2,5 trilyon dolarl\u0131k kripto varl\u0131klar\u0131ndan 150 trilyon dolar\u0131n \u00fczerindeki reel d\u00fcnya varl\u0131klar\u0131na geni\u015fletebilece\u011fini belirtirken, Binance ise Ethena dahil uygun delta-n\u00f6tr hesaplara daha d\u00fc\u015f\u00fck Otomatik Deleveraging (ADL) \u00f6nceli\u011fi tan\u0131yacak.<\/p>\n\n
Uygulama, Ethena\u2019n\u0131n Risk Komitesi\u2019nin tokenle\u015ftirilmi\u015f hisse senedi perpetual piyasas\u0131n\u0131n likiditesini ve piyasa yap\u0131s\u0131n\u0131 de\u011ferlendirdi\u011fi incelemenin ard\u0131ndan, \u00e7er\u00e7evenin onaylanmas\u0131yla devreye al\u0131nd\u0131. Uygunluk i\u00e7in 14 g\u00fcnl\u00fck ortalamada en az 25 milyon dolar tek tarafl\u0131 a\u00e7\u0131k pozisyon (open interest) ve 30 g\u00fcnl\u00fck fonlama oran\u0131 ge\u00e7mi\u015fi \u015fart ko\u015fuluyor; dayanak varl\u0131\u011f\u0131n halka a\u00e7\u0131k bir menkul k\u0131ymet olmas\u0131 ve kald\u0131ra\u00e7l\u0131 ya da ters (inverse) bir \u00fcr\u00fcn olmamas\u0131 gerekiyor. Ethena\u2019n\u0131n taramas\u0131, Binance\u2019in 64 e\u015fle\u015ftirilmi\u015f paritesi aras\u0131ndan 17 varl\u0131\u011f\u0131 ge\u00e7ti; Binance\u2019te hisse senedi perpetual fonlama oranlar\u0131 son alt\u0131 ayda y\u0131ll\u0131kland\u0131r\u0131lm\u0131\u015f bazda ortalama %11\u2019in \u00fczerinde seyrederken, a\u00e7\u0131k pozisyon son \u00e7eyrekte ayl\u0131k yakla\u015f\u0131k %30 artt\u0131. ENA son olarak 0,256 dolardan i\u015flem g\u00f6rd\u00fc; 24 saatte %16 ve ay baz\u0131nda %90 y\u00fckseldi.<\/p>\n\n\n\n
Hemen i\u015flem yapmaya ba\u015flay\u0131n \u2014 ger\u00e7ek VT Markets hesab\u0131n\u0131z\u0131 olu\u015fturmak i\u00e7in buraya<\/a> t\u0131klay\u0131n.<\/b>\n\n<\/p>","protected":false},"excerpt":{"rendered":" Ethena, Binance\u2019le USDe delta-n\u00f6tr stratejisini tokenle\u015ftirilmi\u015f hisse perpetual\u2019lar\u0131na ta\u015f\u0131yor: bStocks + USDT hedge ile fonlama getirisi hedefliyor. Pazar 150 trilyon$\u2019a a\u00e7\u0131l\u0131rken, Binance ADL \u00f6nceli\u011fini d\u00fc\u015f\u00fcr\u00fcyor.<\/p>\n","protected":false},"author":87,"featured_media":50049,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[71],"tags":[],"class_list":["post-68882","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-live-updates"],"acf":{"acf_article_selection_author":null},"aioseo_notices":[],"aioseo_head":"\n\t\t\n\t\n\t\n\t\n\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t\n\t\t