Are Rune NUSD and BAMK opening up the future of $ENA Ethena stablecoin on Bitcoin Mark Jeffery

In Mark Jeffery’s detailed session on Hashrate, the discussion started with the Vanta Investment DAO, Vanta NFTs that facilitate community entry into high-growth areas such as GameFi, DeFi, AI, and infrastructure. Mark presented a special section on the various stablecoins on the Bitcoin blockchain, such as Athena’s USDE and NUSD. When delving into the history of stablecoins, the collapse of Terra Luna was mentioned due to flaws in its revenue mechanism and lack of security measures. Athena’s USDE is known for enabling real yields through staking Ethereum and perpetual swap funding rates. Additionally, this section highlights emerging stablecoins such as NUSD powered by the Athena system, exploring their potential as well as the risks associated with Bitcoin-native implementations. Finally, the section highlights the importance of yields in the success of stablecoins while urging a thorough review of these innovative financial instruments.

Key words
ENA Token, Pendle, BAMK, NUSD, BRC-20, BAMK Token, RUNE, Vanta, NFT, OpenSea, DAO, GameFi, DeFi, Artificial Intelligence, Infrastructure, Mario Nawfal, Seed Phrase, Quantstamp, Marc Jeffery, Ha Hash rate, stablecoin, Athena, Bitcoin blockchain, Ethereum, Terra Luna, Tether, USDC, stablecoin economics, yield, APY, UST, Do Kwon, Magic Internet Money, MIM, peg protocol, funding rate , Arthur Hayes, perpetual swaps, staking Ethereum, validators, liquid staking, delta neutral positions, governance tokens

[00:00:00] - Introduction and Sponsorship

[00:00:50] - Stablecoin sector launched

[00:01:25] - History and mechanics of Terra Luna

[00:03:38] - Yield and Anchor Protocol

[00:05:22] - The collapse of Terra Luna

[00:07:25] - The Magical Internet Money (MIM) Method

[00:09:54] - Introduction to Athena

[00:11:16] - Perpetual swap instructions

[00:15:11] - Sources of revenue for Athena stablecoin

[00:19:00] - Capital efficiency and foundry controls

[00:20:07] - ENA governance token and market behavior

[00:24:00] - The new NUSD stablecoin on Bitcoin

[00:26:57] - Validation and Risks of NUSD

[00:33:58] - Conclusion