Willemstad, Curacao, Netherlands, June 27, 2024, Chainwire
Cloudbet, a leading cryptocurrency casino and sportsbook, announced the integration of Ethena USDe (sUSDe) and ENA. By integrating sUSDe into the platform, bettors now have the opportunity to receive returns even when your funds are not being wagered.
The move introduces a new level of flexibility and financial efficiency for Cloudbet users. Traditionally, when users deposit funds into their gaming accounts, those funds remain idle until they place their bets. Cloudbet’s integration of sUSDe, the staked version of the algorithmic stablecoin USDe, has completely changed the staking paradigm, setting a new standard for user-centric innovation.
“Whether a user is betting or taking a break, their sUSDe continues to generate a return,” says a Cloudbet spokesperson. “Users can potentially offset their betting costs or enhance their bankroll, generating value beyond their betting activities on the platform.”
Cloudbet’s decision to integrate Ethena’s USDe, sUSDe and ENA comes after a thorough assessment of the current cryptocurrency landscape and in consultation with the broader cryptocurrency community. After speaking to several prominent voices at the forefront of the digital currency world, it became imperative to provide this opportunity.
The decision to include Ethena tokens and ENA, the governance token for the Ethena protocol that launched at $0.55 in April 2024, is indicative of the platform's proactive and crypto-native approach to developments in the space.
“We, like much of the cryptocurrency community, were drawn to Ethena and the concept of Internet Native Yield,” says the Cloudbet spokesperson, “The underlying mechanics of USDe provide an advantage over more popular stablecoins as users can stake USDe to earn sUSDe and gain access to the yield generated by the protocol*. This gives Cloudbet users a superior advantage over other stakers, so it was obviously a high-priority item on the product roadmap.”
*As of June 27, 2024, the sUSDe yield is 10.1%.
Continuing its commitment to crypto-friendly online gaming, Cloudbet also expanded its support to multiple blockchain networks including TON and Base.
About Cloudbet
Cloudbet is a proud pioneer of crypto betting.
Since launching in 2013 as the world’s first crypto casino and sportsbook, Cloudbet has served hundreds of thousands of users and placed millions of bets, establishing a reputation as the most trusted, secure and VIP-friendly brand in crypto gaming.
Cloud stakers can stake with over 30 cryptocurrencies, from , and stablecoins like USDC and USDT, to SOL and other popular altcoins. The site is available in 18 languages (including Spanish, German, Italian, French, and Japanese).
For media enquiries, odds and information, users can contact [email protected].
ContactireneHalcyon Super Holdings BV[email protected]
This article was originally published on Chainwire.
