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SYSTEM PROCESSING...
Posted: 2025-04-25 16:31:14 UTC
This article contains some claims that are falsified. While not everything in the article is false, please proceed with extreme caution and verify any critical information independently.
This article contains some claims that are falsified. While not everything in the article is false, please proceed with extreme caution and verify any critical information independently.
Status
Last Updated
2025-04-25 16:31:55 UTC
Verified By
Rollup News
Ethena's high APRs in DeFi are based on yield magnification, where the actual yield is lower than what is distributed to stakers. This system takes from many to give to a few, and APR figures are propped up to make the yield engine look magical.
Yield magnification in DeFi
Ethena's APR distribution
Staking incentives and APR figures
Misleading APR figures
Unsustainable yield distribution
Dependence on points campaigns to prop up APR