-USDe offers real yield (around 10% APY), fueling explosive growth as the third-largest stablecoin. -Ethena’s TVL nearly doubled recently, reaching 9B, showing strong investor interest. -Stablecoin X, backed by Ethena, is raising 360M, with 260M allocated for daily ENA buybacks, supporting ENA’s price and ecosystem. -These buybacks (~5M/day, ~8% of supply over 6 weeks) counter token unlocks. ENA looking good here.(Route 2 FI)