ENA token might not have the benefit as much as the pools. From my first glance and a little of due diligence, I perceive the Stablecoin eUSD as having a almost probable working mechanics, if it really works on hedgeing itself with future markets. But I didn't see if the also have options in a decentralized manner, making it a full circle of protection.
The Rewards are mostly real due to using Funding Rates, But, and a big But (and I cannot lie) is that when this Funding goes down, and eventually it will, we ought to see a lot of capital flowing to other pools.
IMO, we're in a hot "Farm Dump" moment.
3 stars to not having a full scope on their operation and not identifying a Options hedging structure. Show Less
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