The RWA narrative is getting a new twist. Ethena has integrated Janus Henderson's AAA-rated CLO assets into the USDe collateral system, with $CLO hitting a 24h trading volume of $31.69M.
However, the market is showing clear divisions: bulls are eyeing the influx of capital from traditional asset management giants going on-chain, while bears are focused on the inherent default risks and high leverage concerns associated with CLOs.
Short-term plays are intensifying, and a directional choice may be imminent.
#RWA #DeFi
However, the market is showing clear divisions: bulls are eyeing the influx of capital from traditional asset management giants going on-chain, while bears are focused on the inherent default risks and high leverage concerns associated with CLOs.
Short-term plays are intensifying, and a directional choice may be imminent.
#RWA #DeFi