How does Ethena "stabilize" billions of dollars in revenue with Boros?

[{"type":"paragraph","children":[{"text":"Ethena ($ENA) 's USDe stablecoin earns funding fees by \"long spot + short perpetual\". However, when the fees turn negative, the income instantly becomes a cost, and the pressure is enormous."}]},{"type":"paragraph","children":[{"text":"Boros provides an elegant solution:"}]},{"type":"paragraph","children":[{"text":"Ethena can short interest rates on Boros, locking uncertain future floating rate income into fixed high interest rate income in advance.Effect: Regardless of market rate fluctuations, Ethena can obtain stable returns, reduce reliance on insurance funds and token incentives, and make the protocol more robust.This demonstrates that Boros is not only a trading tool, but also an important stabilizer for DeFi Lego. Which protocol do you think will become the next major user?Learn more about this innovative mechanism: "},{"type":"link","url":"https://blog.ju.com/boros-analysis-defi/?utm_source=blog","children":[{"text":"https://blog.ju.com/boros-analysis-defi/?utm_source=blog"}]},{"text":"\n"},{"type":"topic","character":"Ethena","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"Stablecoin","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"DeFiStrategy","children":[{"text":""}]},{"text":" "},{"type":"topic","character":"JuInsight","children":[{"text":""}]},{"text":" "}]}]