Part 1 Advanced The Market Maker’s Exchange Checklist (Liquidity, Latency, and Risk Controls) Market makers and HFT desks: evaluate exchanges on execution quality, liquidity, latency, fees, margin, and security — with a WhiteBIT walkthrough. Open guide 
Ethena News
Stories 27
Coverage footprint 0.1%
Tokenization
ENA holders eye potential yields over 5% as Ethena confirms fee switch thresholds met
Run-rate projections show scenarios ranging from 2 to 30 percent APR on staked ENA.

Stablecoins
Ethena Labs partners with TON to integrate USDe into Telegram ecosystem
Ethena partners with TON to offer 10% APY bonus on tsUSDe holdings via Telegram wallets.

Regulation
German regulator rejects Ethena Labs’ license application in the EU, suspects sUSDe is a security
According to the BaFin, the sUSDe offer "profit promises," potentially classifying it as a security.





















