🍕 Bitcoin Pizza Day is Almost Here!
Join the celebration on Gate Post with the hashtag #Bitcoin Pizza Day# to share a $500 prize pool and win exclusive merch!
📅 Event Duration:
May 16, 2025, 8:00 AM – May 23, 2025, 06:00 PM UTC
🎯 How to Participate:
Post on Gate Post with the hashtag #Bitcoin Pizza Day# during the event. Your content can be anything BTC-related — here are some ideas:
🔹 Commemorative:
Look back on the iconic “10,000 BTC for two pizzas” story or share your own memories with BTC.
🔹 Trading Insights:
Discuss BTC trading experiences, market views, or show off your contract gai
Ethena Partners With Re to Offer up to 23% APY Through Reinsurance Risk Pools
Ethena, a synthetic dollar protocol, has partnered with the decentralized reinsurance platform Re to enable users to earn yield by depositing stablecoins into reinsurance risk pools.
Synthetic Dollar Protocol Ethena Taps Re for High-Yield Reinsurance Pools
The integration allows users to lock USDe and sUSDe stablecoins into Re’s Risk Pools, managed by qualified Cell Managers, to generate yields from diversified reinsurance portfolios. Re’s X announcement reports potential returns of up to 23% APY, significantly higher than traditional DeFi staking options.
Re’s platform tokenizes insurance premiums, deploying capital into global reinsurance markets traditionally inaccessible to retail investors. “This is the first time crypto-native assets like USDe are connected to the $1T+ reinsurance market — a massive source of non-correlated, premium-based yield,” Re said.
Ethena’s USDe is backed by crypto collateral like staked ethereum (stETH) and bitcoin ( BTC), while Re operates on the Avalanche network. “Quarterly redemptions will be available. Re will offer early redemptions via Curve Finance soon,” Re stated.
Risks include market volatility, insurance underwriting losses, and regulatory hurdles. “This is the future of stablecoins,” the reinsurance platform concluded. “Not just yield — impact.”