From f0e94c6d6e3a1fb4302d9a123b353a5d605a9d5e Mon Sep 17 00:00:00 2001 From: Dhruv Mehta <64071840+dhruvmehtaaa@users.noreply.github.com> Date: Mon, 19 Feb 2024 17:48:16 +0530 Subject: [PATCH] Update README.md --- README.md | 2 +- 1 file changed, 1 insertion(+), 1 deletion(-) diff --git a/README.md b/README.md index ee553a6..f202a01 100644 --- a/README.md +++ b/README.md @@ -26,7 +26,7 @@ The goal of Ethena is to offer a permissionless stablecoin, USDe, to defi users ## How Ethena generated yield -Users mint USDe with stETH, and Ethena opens an equvilant short ETH perps position on perps exchanges. stETH yields 3-4% annualized, while short ETH perps yield 6-8%. The combined long and short position daily yield is sent to an insurance fund, and then sent to the staking contract every 8 hours. +Users mint USDe with stETH, and Ethena opens an equivalent short ETH perps position on perps exchanges. stETH yields 3-4% annualized, while short ETH perps yield 6-8%. The combined long and short position daily yield is sent to an insurance fund, and then sent to the staking contract every 8 hours. ## How we maintain delta neutrality