{"id":259134,"date":"2025-08-05T18:28:20","date_gmt":"2025-08-05T14:58:20","guid":{"rendered":"https:\/\/zoomarz.com\/?p=259134"},"modified":"2025-08-05T14:48:52","modified_gmt":"2025-08-05T11:18:52","slug":"a-look-at-the-current-state-of-ethena-can-this-token-return-to-the-bullish-path","status":"publish","type":"post","link":"https:\/\/zoomarz.com\/a-look-at-the-current-state-of-ethena-can-this-token-return-to-the-bullish-path\/","title":{"rendered":"\u0646\u06af\u0627\u0647\u06cc \u0628\u0647 \u0648\u0636\u0639\u06cc\u062a \u0641\u0639\u0644\u06cc Ethena: \u0622\u06cc\u0627 \u0627\u06cc\u0646 \u062a\u0648\u06a9\u0646 \u0645\u06cc\u200c\u062a\u0648\u0627\u0646\u062f \u0628\u0647 \u0645\u0633\u06cc\u0631 \u0635\u0639\u0648\u062f\u06cc \u0628\u0627\u0632\u06af\u0631\u062f\u062f\u061f"},"content":{"rendered":"<h2><strong>\u0646\u06af\u0627\u0647\u06cc \u0628\u0647 \u0648\u0636\u0639\u06cc\u062a \u0641\u0639\u0644\u06cc Ethena: \u0622\u06cc\u0627 \u0627\u06cc\u0646 \u062a\u0648\u06a9\u0646 \u0645\u06cc\u200c\u062a\u0648\u0627\u0646\u062f \u0628\u0647 \u0645\u0633\u06cc\u0631 \u0635\u0639\u0648\u062f\u06cc \u0628\u0627\u0632\u06af\u0631\u062f\u062f\u061f<\/strong><\/h2>\n<p><strong><span style=\"color: #ff0000;\">\u0628\u0647 \u06af\u0632\u0627\u0631\u0634<\/span><a href=\"https:\/\/zoomarz.com\/\"> \u0632\u0648\u0645 \u0627\u0631\u0632\u060c<\/a> <\/strong>Ethena (ENA) \u062f\u0631 \u0631\u0648\u0632\u0647\u0627\u06cc \u0627\u062e\u06cc\u0631 \u0628\u0627 \u06a9\u0627\u0647\u0634 \u0642\u06cc\u0645\u062a \u0645\u0648\u0627\u062c\u0647 \u0634\u062f\u0647 \u0627\u0633\u062a\u060c \u0686\u0631\u0627 \u06a9\u0647 \u0646\u06af\u0631\u0627\u0646\u06cc\u200c\u0647\u0627\u06cc \u0645\u0631\u0628\u0648\u0637 \u0628\u0647 \u062e\u0637\u0631\u0627\u062a \u0646\u0642\u062f\u06cc\u0646\u06af\u06cc \u0648 \u0628\u0627\u0632 \u06a9\u0631\u062f\u0646 \u0642\u0641\u0644 \u0645\u0647\u0645\u06cc \u0627\u0632 \u062a\u0648\u06a9\u0646\u200c\u0647\u0627 \u0628\u0627\u0639\u062b \u062a\u063a\u06cc\u06cc\u0631 \u0627\u062d\u0633\u0627\u0633\u0627\u062a \u062f\u0631 \u0645\u06cc\u0627\u0646 \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u0627\u0646 \u0634\u062f\u0647 \u0627\u0633\u062a.<\/p>\n<p>Ethena \u067e\u0633 \u0627\u0632 \u0628\u0627\u0632 \u06a9\u0631\u062f\u0646 \u0642\u0641\u0644 106 \u0645\u06cc\u0644\u06cc\u0648\u0646 \u062f\u0644\u0627\u0631 \u062f\u0631 \u062a\u0648\u06a9\u0646\u200c\u0647\u0627\u06cc ENA\u060c \u0641\u0634\u0627\u0631 \u0641\u0631\u0648\u0634 \u0627\u062d\u062a\u0645\u0627\u0644\u06cc \u0631\u0627 \u0628\u0647 \u0628\u0627\u0632\u0627\u0631 \u0627\u0636\u0627\u0641\u0647 \u06a9\u0631\u062f\u0647 \u0627\u0633\u062a. \u062f\u0631 5 \u0622\u06af\u0648\u0633\u062a\u060c 171.8 \u0645\u06cc\u0644\u06cc\u0648\u0646 \u062a\u0648\u06a9\u0646 ENA \u0628\u0647 \u0627\u0631\u0632\u0634 \u062a\u0642\u0631\u06cc\u0628\u06cc 100 \u0645\u06cc\u0644\u06cc\u0648\u0646 \u062f\u0644\u0627\u0631 \u0648 2.6\u066a \u0627\u0632 \u06a9\u0644 \u0639\u0631\u0636\u0647 \u0642\u0641\u0644 \u0634\u062f\u0646\u062f. \u0627\u0632 \u0622\u0646 \u0632\u0645\u0627\u0646\u060c \u062a\u0646\u0647\u0627 41\u066a \u0627\u0632 \u06a9\u0644 \u0639\u0631\u0636\u0647 ENA \u0622\u0632\u0627\u062f \u0646\u0634\u062f\u0647 \u0627\u0633\u062a \u0648 \u0627\u06cc\u0646 \u062a\u0631\u0627\u0646\u0634 \u062c\u062f\u06cc\u062f \u0645\u0645\u06a9\u0646 \u0627\u0633\u062a \u0641\u0634\u0627\u0631 \u0641\u0631\u0648\u0634 \u0628\u06cc\u0634\u062a\u0631\u06cc \u0628\u0647 \u0628\u0627\u0632\u0627\u0631 \u0648\u0627\u0631\u062f \u06a9\u0646\u062f\u060c \u0628\u0647 \u0648\u06cc\u0698\u0647 \u0627\u06af\u0631 \u06af\u06cc\u0631\u0646\u062f\u06af\u0627\u0646 \u062a\u0635\u0645\u06cc\u0645 \u0628\u0647 \u0646\u0642\u062f \u06a9\u0631\u062f\u0646 \u062a\u0648\u06a9\u0646\u200c\u0647\u0627\u06cc \u062e\u0648\u062f \u0628\u06af\u06cc\u0631\u0646\u062f.<\/p>\n<p>\u0628\u0627 \u0627\u06cc\u0646 \u062d\u0627\u0644\u060c \u0631\u0634\u062f \u0627\u062e\u06cc\u0631 Ethena \u0646\u0627\u0634\u06cc \u0627\u0632 \u0645\u0634\u0627\u0631\u06a9\u062a\u200c\u0647\u0627\u06cc \u0628\u06cc\u0634\u062a\u0631 \u062f\u0631 \u0627\u06a9\u0648\u0633\u06cc\u0633\u062a\u0645 \u0648 \u0627\u0641\u0632\u0627\u06cc\u0634 \u0639\u0644\u0627\u0642\u0647 \u0628\u0647 \u062e\u0632\u0627\u0646\u0647\u200c\u0647\u0627\u06cc \u0645\u0628\u062a\u0646\u06cc \u0628\u0631 \u0646\u0634\u0627\u0646\u0647\u200c\u0647\u0627\u060c \u0645\u0645\u06a9\u0646 \u0627\u0633\u062a \u062a\u0627 \u062d\u062f\u06cc \u0627\u06cc\u0646 \u0641\u0634\u0627\u0631 \u0631\u0627 \u06a9\u0627\u0647\u0634 \u062f\u0647\u062f.<\/p>\n<h3>\u0646\u06af\u0631\u0627\u0646\u06cc\u200c\u0647\u0627 \u062f\u0631 \u0645\u0648\u0631\u062f AAVE \u0648 \u062e\u0637\u0631\u0627\u062a \u0646\u0642\u062f\u06cc\u0646\u06af\u06cc<\/h3>\n<p>\u062a\u062d\u0644\u06cc\u0644\u06af\u0631\u0627\u0646 \u0628\u0647\u200c\u0648\u06cc\u0698\u0647 \u0646\u06af\u0631\u0627\u0646 \u0642\u0631\u0627\u0631 \u06af\u0631\u0641\u062a\u0646 Ethena \u062f\u0631 \u0645\u0639\u0631\u0636 AAVE \u0647\u0633\u062a\u0646\u062f. \u0634\u0631\u06a9\u062a \u0645\u0634\u0648\u0631\u062a\u06cc \u0631\u06cc\u0633\u06a9 Chaos Labs \u0647\u0634\u062f\u0627\u0631 \u062f\u0627\u062f\u0647 \u0627\u0633\u062a \u06a9\u0647 AAVE \u0627\u06a9\u0646\u0648\u0646 \u0628\u06cc\u0634 \u0627\u0632 55\u066a \u0627\u0632 \u062f\u0627\u0631\u0627\u06cc\u06cc\u200c\u0647\u0627\u06cc \u067e\u0634\u062a\u0648\u0627\u0646\u0647 USDE \u0631\u0627 \u062f\u0631 \u0627\u062e\u062a\u06cc\u0627\u0631 \u062f\u0627\u0631\u062f \u06a9\u0647 \u0628\u0647 \u0627\u0631\u0632\u0634 4.7 \u0645\u06cc\u0644\u06cc\u0627\u0631\u062f \u062f\u0644\u0627\u0631 \u0627\u0633\u062a. \u0627\u06cc\u0646 \u0627\u0633\u062a\u0631\u0627\u062a\u0698\u06cc \u06a9\u0647 \u0628\u0647 \u0639\u0646\u0648\u0627\u0646 &#8220;rehypothecation&#8221; \u0634\u0646\u0627\u062e\u062a\u0647 \u0645\u06cc\u200c\u0634\u0648\u062f\u060c \u0645\u0645\u06a9\u0646 \u0627\u0633\u062a \u0628\u0627\u0639\u062b \u0634\u06a9\u0646\u0646\u062f\u06af\u06cc \u0633\u06cc\u0633\u062a\u0645 \u0634\u0648\u062f. \u0627\u06af\u0631 \u0627\u0639\u062a\u0645\u0627\u062f \u0628\u0647 AAVE \u06a9\u0627\u0647\u0634 \u06cc\u0627\u0628\u062f \u06cc\u0627 \u0628\u0627\u0632\u062e\u0631\u06cc\u062f\u0647\u0627\u06cc \u062c\u0645\u0639\u06cc \u0627\u062a\u0641\u0627\u0642 \u0628\u06cc\u0641\u062a\u062f\u060c \u0627\u06cc\u0646 \u0627\u0645\u0631 \u0645\u06cc\u200c\u062a\u0648\u0627\u0646\u062f \u0628\u062d\u0631\u0627\u0646 \u0646\u0642\u062f\u06cc\u0646\u06af\u06cc \u0631\u0627 \u062f\u0631 \u0647\u0631 \u062f\u0648 \u067e\u0631\u0648\u062a\u06a9\u0644 AAVE \u0648 Ethena \u0627\u06cc\u062c\u0627\u062f \u06a9\u0646\u062f.<\/p>\n<h3>\u062a\u062d\u0644\u06cc\u0644 \u0641\u0646\u06cc Ethena<\/h3>\n<p>\u062f\u0631 \u062d\u0627\u0644 \u062d\u0627\u0636\u0631\u060c \u0639\u0645\u0644\u06a9\u0631\u062f \u0642\u06cc\u0645\u062a ENA \u0628\u0647 \u0637\u0648\u0631 \u0646\u0633\u0628\u06cc \u06a9\u0627\u0647\u0634 \u06cc\u0627\u0641\u062a\u0647 \u0627\u0633\u062a\u060c \u0627\u0645\u0627 \u0647\u0645\u0686\u0646\u0627\u0646 \u0633\u0637\u062d \u067e\u0634\u062a\u06cc\u0628\u0627\u0646\u06cc \u0645\u0647\u0645\u06cc \u0648\u062c\u0648\u062f \u062f\u0627\u0631\u062f. \u0634\u0627\u062e\u0635 \u0645\u0642\u0627\u0648\u0645\u062a \u0646\u0633\u0628\u06cc (RSI) \u062f\u0631 53 \u0642\u0631\u0627\u0631 \u062f\u0627\u0631\u062f \u06a9\u0647 \u0646\u0634\u0627\u0646\u200c\u062f\u0647\u0646\u062f\u0647 \u062d\u0631\u06a9\u062a \u062e\u0646\u062b\u06cc \u0627\u0633\u062a. \u0628\u0627\u0646\u062f\u0647\u0627\u06cc \u0628\u0648\u0644\u06cc\u0646\u06af\u0631 \u06a9\u0627\u0647\u0634 \u0646\u0648\u0633\u0627\u0646\u0627\u062a \u0631\u0627 \u067e\u0633 \u0627\u0632 \u06a9\u0627\u0647\u0634 \u0627\u062e\u06cc\u0631 \u0642\u06cc\u0645\u062a \u0628\u0647 \u0632\u06cc\u0631 0.67 \u062f\u0644\u0627\u0631 \u0646\u0634\u0627\u0646 \u0645\u06cc\u200c\u062f\u0647\u0646\u062f.<\/p>\n<p>\u0628\u06cc\u0634\u062a\u0631 \u0645\u06cc\u0627\u0646\u06af\u06cc\u0646\u200c\u0647\u0627\u06cc \u0645\u062a\u062d\u0631\u06a9 \u0647\u0645\u0686\u0646\u0627\u0646 \u0631\u0648\u0646\u062f \u0635\u0639\u0648\u062f\u06cc \u0646\u0634\u0627\u0646 \u0645\u06cc\u200c\u062f\u0647\u0646\u062f\u060c \u0628\u0627 \u0627\u06cc\u0646 \u06a9\u0647 ENA \u0628\u0627\u0644\u0627\u062a\u0631 \u0627\u0632 \u0645\u06cc\u0627\u0646\u06af\u06cc\u0646\u200c\u0647\u0627\u06cc \u0645\u062a\u062d\u0631\u06a9 50 \u0631\u0648\u0632\u0647 \u0648 100 \u0631\u0648\u0632\u0647 \u062e\u0648\u062f \u0642\u0631\u0627\u0631 \u062f\u0627\u0631\u062f \u06a9\u0647 \u0628\u0647 \u062a\u0631\u062a\u06cc\u0628 \u062f\u0631 0.414 \u062f\u0644\u0627\u0631 \u0648 0.389 \u062f\u0644\u0627\u0631 \u0647\u0633\u062a\u0646\u062f. \u0628\u0627 \u0648\u062c\u0648\u062f \u0646\u0648\u0633\u0627\u0646\u0627\u062a \u06a9\u0648\u062a\u0627\u0647\u200c\u0645\u062f\u062a\u060c \u0627\u06cc\u0646 \u0627\u0645\u0631 \u0627\u0632 \u0686\u0634\u0645\u200c\u0627\u0646\u062f\u0627\u0632 \u0635\u0639\u0648\u062f\u06cc \u0628\u0644\u0646\u062f\u0645\u062f\u062a \u067e\u0634\u062a\u06cc\u0628\u0627\u0646\u06cc \u0645\u06cc\u200c\u06a9\u0646\u062f.<\/p>\n<h3>\u0686\u0634\u0645\u200c\u0627\u0646\u062f\u0627\u0632 \u0642\u06cc\u0645\u062a<\/h3>\n<p>\u0627\u06af\u0631 \u0642\u06cc\u0645\u062a Ethena \u0627\u0632 \u0645\u062d\u062f\u0648\u062f\u0647 0.56 \u062a\u0627 0.58 \u062f\u0644\u0627\u0631 \u067e\u0627\u06cc\u06cc\u0646\u200c\u062a\u0631 \u0628\u0631\u0648\u062f\u060c \u0645\u0645\u06a9\u0646 \u0627\u0633\u062a \u06cc\u06a9 \u0639\u0642\u0628\u200c\u0646\u0634\u06cc\u0646\u06cc \u0628\u0647 \u0633\u0645\u062a 0.52 \u062f\u0644\u0627\u0631 \u067e\u06cc\u0634 \u0622\u06cc\u062f. \u0628\u0627 \u0627\u06cc\u0646 \u062d\u0627\u0644\u060c \u0627\u06af\u0631 \u0634\u0631\u0627\u06cc\u0637 \u0628\u0627\u0632\u0627\u0631 \u062a\u062b\u0628\u06cc\u062a \u0634\u0648\u062f \u0648 \u0642\u06cc\u0645\u062a \u0628\u0647 \u0628\u0627\u0644\u0627\u06cc 0.60 \u062f\u0644\u0627\u0631 \u0628\u0631\u0633\u062f\u060c \u0645\u0645\u06a9\u0646 \u0627\u0633\u062a \u0622\u0632\u0645\u0627\u06cc\u0634 \u0645\u062c\u062f\u062f \u0642\u06cc\u0645\u062a\u200c\u0647\u0627\u06cc \u0628\u0627\u0644\u0627\u062a\u0631 \u0627\u0632 0.65 \u062f\u0644\u0627\u0631 \u0627\u0645\u06a9\u0627\u0646\u200c\u067e\u0630\u06cc\u0631 \u0628\u0627\u0634\u062f.<\/p>\n<div id=\"gtx-trans\" style=\"position: absolute; left: 1514px; top: 5.22917px;\">\n<div class=\"gtx-trans-icon\"><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>\u0646\u06af\u0627\u0647\u06cc \u0628\u0647 \u0648\u0636\u0639\u06cc\u062a \u0641\u0639\u0644\u06cc Ethena: \u0622\u06cc\u0627 \u0627\u06cc\u0646 \u062a\u0648\u06a9\u0646 \u0645\u06cc\u200c\u062a\u0648\u0627\u0646\u062f \u0628\u0647 \u0645\u0633\u06cc\u0631 \u0635\u0639\u0648\u062f\u06cc \u0628\u0627\u0632\u06af\u0631\u062f\u062f\u061f \u0628\u0647 \u06af\u0632\u0627\u0631\u0634 \u0632\u0648\u0645 \u0627\u0631\u0632\u060c Ethena (ENA) \u062f\u0631 \u0631\u0648\u0632\u0647\u0627\u06cc \u0627\u062e\u06cc\u0631 \u0628\u0627 \u06a9\u0627\u0647\u0634 \u0642\u06cc\u0645\u062a \u0645\u0648\u0627\u062c\u0647 \u0634\u062f\u0647 \u0627\u0633\u062a\u060c \u0686\u0631\u0627 \u06a9\u0647 \u0646\u06af\u0631\u0627\u0646\u06cc\u200c\u0647\u0627\u06cc \u0645\u0631\u0628\u0648\u0637 \u0628\u0647 \u062e\u0637\u0631\u0627\u062a \u0646\u0642\u062f\u06cc\u0646\u06af\u06cc \u0648 \u0628\u0627\u0632 \u06a9\u0631\u062f\u0646 \u0642\u0641\u0644 \u0645\u0647\u0645\u06cc \u0627\u0632 \u062a\u0648\u06a9\u0646\u200c\u0647\u0627 \u0628\u0627\u0639\u062b \u062a\u063a\u06cc\u06cc\u0631 \u0627\u062d\u0633\u0627\u0633\u0627\u062a \u062f\u0631 \u0645\u06cc\u0627\u0646 \u0633\u0631\u0645\u0627\u06cc\u0647\u200c\u06af\u0630\u0627\u0631\u0627\u0646 \u0634\u062f\u0647 \u0627\u0633\u062a. Ethena \u067e\u0633 \u0627\u0632 \u0628\u0627\u0632 \u06a9\u0631\u062f\u0646 [&hellip;]<\/p>\n","protected":false},"author":129,"featured_media":259140,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"rank_math_rich_snippet":"","footnotes":""},"categories":[53,63],"tags":[501],"class_list":["post-259134","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-world","category-news","tag-501"],"_links":{"self":[{"href":"https:\/\/zoomarz.com\/?rest_route=\/wp\/v2\/posts\/259134","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/zoomarz.com\/?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/zoomarz.com\/?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/zoomarz.com\/?rest_route=\/wp\/v2\/users\/129"}],"replies":[{"embeddable":true,"href":"https:\/\/zoomarz.com\/?rest_route=%2Fwp%2Fv2%2Fcomments&post=259134"}],"version-history":[{"count":2,"href":"https:\/\/zoomarz.com\/?rest_route=\/wp\/v2\/posts\/259134\/revisions"}],"predecessor-version":[{"id":259161,"href":"https:\/\/zoomarz.com\/?rest_route=\/wp\/v2\/posts\/259134\/revisions\/259161"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/zoomarz.com\/?rest_route=\/wp\/v2\/media\/259140"}],"wp:attachment":[{"href":"https:\/\/zoomarz.com\/?rest_route=%2Fwp%2Fv2%2Fmedia&parent=259134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/zoomarz.com\/?rest_route=%2Fwp%2Fv2%2Fcategories&post=259134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/zoomarz.com\/?rest_route=%2Fwp%2Fv2%2Ftags&post=259134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}