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.