Is It Time to Buy ENA? Ethena Pay, The Equity Basis Trade, and The Token Cleanup

<p>Lito is the Head of Growth at Ethena Pay.</p><p>Is it time to buy ENA? What is Ethena Pay and how does it compete as a DeFi neobank? What is the equity basis trade and why does it matter for USDe yield? What just happened with early ENA investor buyouts and VC unlocks?</p><p>Reputable DeFi investor and builder Lito, now leading growth at Ethena Pay, answers all this and more about why Ethena is thriving in its second bull run and why it&#39;s so well positioned to challenge Circle and Tether&#39;s dominance in the stablecoin market.</p><p>------<br>💎 THIS EPISODE'S SPONSORS</p><p>🔒 <a href="https://kpk.io/" target="_blank" rel="ugc noopener noreferrer"> KPK</a> | Best risk-adjusted yield through automated vaults<br /></p><p>🏦 <a href="https://app.axis.to/origin/EDGE" target="_blank" rel="ugc noopener noreferrer"> AXIS</a> | The Origin Vault launched on Ethereum<br /></p><p>🟠 <a href="https://apyx.fi/" target="_blank" rel="ugc noopener noreferrer"> APYX</a> | The first dividend-backed stablecoin (DBS)<br /></p><p>🐡<a href="https://institutional.puffer.fi/" target="_blank" rel="ugc noopener noreferrer"> PUFFER INSTITUTIONAL</a> | ETH staking solutions for scale<br /></p><p>------<br>⏱️ TIMESTAMPS</p><p>0:00 - Intro<br>2:33 - Lito’s background in DeFi<br>10:45 - What is Ethena Pay?<br>14:14 - Ethena Pay’s edge as a neobank and stablecoin issuer<br>19:45 - The mobile app breakthrough for DeFi<br>25:05 - Competing in the DeFi neobank sector<br>29:41 - What is Ethena’s new equity basis trade?<br>34:18 - What other strategies underpin sUSDe yield?<br>36:56 - ENA token cleanup: buyouts, equity, buybacks, unlocks<br>40:23 - StablecoinX, the ENA DAT<br>42:47 - What’s next at Ethena?<br>45:23 - Ethena Pay&#39;s key features and expected launch in US<br>50:26 - Closing</p><p>------<br>🔗 GUEST LINKS</p><p>► Ethena Pay website: https://pay.ethena.fi/<br>► Ethena Pay on X: https://x.com/ethenapay<br>► Lito on X: https://x.com/litocoen</p><p>------<br>🎙️ MORE FROM THE EDGE PODCAST AND EDGE NEWSLETTER</p><p>► Newsletter: https://the-edge.xyz<br>► Apple: https://tinyurl.com/edgepod<br>► Spotify: https://tinyurl.com/edgepodspotify<br>► Linktree: https://linktr.ee/edge_pod<br>► Follow DeFi Dad: https://x.com/DeFi_Dad<br>► Follow Nomatic: https://x.com/Nomaticcap<br>► Learn DeFi: http://defidad.com/</p><p>------<br>DISCLAIMER: Nothing said on The Edge Podcast is a recommendation to buy or sell tokens or securities. This content is for educational and entertainment pu