FIVA
FIVA Docs
FIVA Docs
  • FIVA Overview
    • Introduction
    • Problem & Solution
    • Importance to the Space
  • FIVA Mechanics
    • Glossary
    • Understanding the Basics
    • Protocol Components
      • SY (Standardized Yield Token)
      • Yield Stripping
      • PT (Principal Token)
      • YT (Yield Token)
      • FIVA's AMM Design
    • Fee Structure
    • P&L in FIVA
    • FAQ
  • FIVA Manual
    • Getting Started
    • Use Cases
    • PT - Fixing Yield
    • YT - Leveraged Yield Farming
    • LP - Liquidity Provision
    • Mint - Get Liquidity from Future Yields Today
    • Arbitrage Opportunities
  • FIVA Strategies
    • EVAA
      • PT - Fixed USDT Yield
      • YT - EVAA Point Farming with up to 250x Multiplier
      • LP - Enhancing Your EVAA Returns
      • Mint - Get you Future USDT Yield now
    • Ethena
      • PT - Fixed USDe Returns
      • YT - Farming Ethena Airdrop with 60x Multiplier
      • LP - Multiple Income Streams
    • Storm Trade
      • PT - Fixed Yield on SLP
      • YT - Efficient Reward & Yield Farming on Storm
      • LP - Maximizing Returns from Storm Vaults
      • Max Supply - Determination Framework for Storm SLP Market
    • Tonstakers
      • LP - Enhancing Your Tonstakers Returns
  • FIVA Rewards
    • The Points System
    • Genesis Pass Collection
  • FIVA Pioneers Campaign
  • Security
    • Risks
      • Smart Contract Risk
      • Underlying Protocol Risk
      • Oracle Risk
      • PT Risks
        • Market Risk
        • Liquidity Risk
      • YT Risks
        • Market Risk
        • Implied Leverage
        • Zero Value at Maturity
        • Liquidity Risk
      • LP Risks
        • Impermanent Loss
        • Market Risk
        • Additional Considerations for LPs
    • Audit Report - Trail of Bits
    • Audit Report - Tonbit
    • Audit Report - EVAA integration
  • Developers
    • SDK
    • npm package
    • Integrating Fixed-Rate Staking
      • SDK - Guide for Fixed Staking
      • API - Pools Metrics Endpoint
  • Links
    • dApp
    • Telegram App
    • Telegram Channel
    • Telegram Community
    • X (Twitter)
  • Brand Kit
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On this page
  • Ethena Markets in FIVA
  • What Is Ethena Integration?
  • How Ethena Generates Yield
  • Three Ways to Optimize Your Ethena Position
  1. FIVA Strategies

Ethena

Ethena Markets in FIVA

What Is Ethena Integration?

FIVA integrates with Ethena to bring high-yield stablecoin opportunities to TON. This partnership lets you transform Ethena's variable yields (5-20% APY) into fixed returns, farm Ethena points more efficiently, or earn multiple income streams from your stablecoin position.

How Ethena Generates Yield

Ethena creates sustainable USD yields through a straightforward but powerful approach:

  1. Funding Rates: Captures funding payments from perpetual futures markets

  2. Delta-Neutral Strategy: Maintains balanced positions regardless of market direction

  3. Protocol Rewards: Distributes Ethena points to loyal users

This model consistently delivers exceptional returns on USD, typically ranging from 5-20% APY depending on market conditions.

Three Ways to Optimize Your Ethena Position

In the following sections, you'll learn how to use FIVA's technology to enhance your Ethena holdings:

  1. Fixed Yield with PT Tokens

  2. Enhanced Farming with YT Tokens

  3. Multiple Income Streams with Liquidity Provision

Each approach offers distinct benefits based on your risk preferences and financial goals.

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Last updated 1 month ago