Crypto
Ethena Launches Beta Version of Financial App Ethena Pay
Ethena has launched its beta version of Ethena Pay, a financial app that offers savings and payment features. The app is built on top of the Avalanche blockchain.
The app allows users to earn up to 6% interest on their dollar deposits, with a base rate applied to the USDe market situation. The Daily Boost promotion adds an additional tier-based interest rate to this base rate.
Ethena Pay also offers virtual cards that can be used at Visa-accepting merchants and allows users to receive cashback in Avalanche's native asset AVAX.