Ethena releases 2024 roadmap: will integrate DeFi/CeFi with traditional finance ecosystems

The blockchain-based asset-backed stablecoin Ethena recently unveiled its 2024 strategic vision on 5/10, aiming to integrate decentralized finance DeFi, centralized finance CeFi, and traditional finance TradFi. Here is an in-depth look at why Ethena's work is significant and the future prospects of this innovative platform.

Ethena 2024 Roadmap

Significance of Ethena's Mission

Ethena states that its mission is to create a native digital currency that is not just another asset, but a true embodiment of internet money, independent of the traditional financial system.

Connecting DeFi, CeFi, and TradFi

Ethena's vision for 2024 includes the strategic integration of DeFi, CeFi, and TradFi, positioning its USDe token as the cornerstone of this new financial ecosystem, aiming for the token to be a versatile tool in various financial applications:

• DeFi Innovation: USDe is expected to revolutionize DeFi by serving as a collateral asset for "internet bonds," enhancing capital efficiency and liquidity in the money markets.
• CeFi Integration: The role of stablecoins as fundamental financial tools is underscored in CeFi by USDT. Ethena plans to increase the acceptance and usage of USDe by making it a key player in centralized markets.
• TradFi Transformation: The fixed income market, a dominant force in traditional finance, is ripe for disruption. Ethena intends to introduce products offering competitive returns to attract interest from large institutional investors and potentially reshape their investment approach to digital assets.

Ethena's Triple Threat: Currency, Network, Trading

Ethena states that its roadmap is not just about creating another cryptocurrency or platform. It is about establishing a comprehensive financial ecosystem addressing three key aspects:

• Currency: By solidifying USDe's position as a widely accepted digital currency, Ethena aims to challenge traditional notions of currency.
• Network: Leveraging its currency as a foundation, Ethena plans to build a broader financial network to facilitate seamless integration of financial services and applications.
• Trading: Positioning itself as a key liquidity provider, the platform is prepared to support existing and emerging trading venues to enhance market efficiency and accessibility.

Deep Collaboration between Ethena and Bybit

Recently, Ethena officially announced that USDe will be integrated into the Bybit exchange, serving as margin for contract trading, earning interest, and enabling spot trading of BTC and ETH with zero trading fees. USDe will also be included in their financial products. They believe that the addition of USDe will contribute to better adoption rates for DeFi.