This is cool. Ethena is looking beyond crypto for yield. The project plans to expand its basis trade into equity perpetuals, where funding rates have averaged ~14% on Hyperliquid and ~17.5% on Binance. Ethena says RWA perps could overtake crypto derivatives in USDe backing within 12–24 months. https://www.coindesk.com/business/2026/08/28/ethena-looks-beyond-crypto-to-squeeze-yield-from-booming-equity-perpetuals(Frank Chaparro)