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Cloudbet Enhances Crypto Betting with Ethena Integration

Cloudbet introduces Ethena USDe, sUSDe, and ENA tokens, offering users financial flexibility and potential yield in crypto betting.
Published on 2024-07-01

Cloudbet's Strategic Move in Crypto Betting

Cloudbet, a renowned cryptocurrency casino and sportsbook, has announced the integration of Ethena USDe (sUSDe) and ENA tokens, marking a significant advancement in crypto betting. This move offers users an innovative way to earn returns even when their funds are not actively wagered. By adopting sUSDe, the staked version of the algorithmic stablecoin USDe, Cloudbet introduces a new financial model that benefits its users beyond traditional betting activities.

Financial Flexibility and User-Centric Innovation

The integration of sUSDe provides Cloudbet users with continuous yield generation, whether they are actively betting or taking a break. This feature allows bettors to potentially offset their costs or increase their bankroll, setting a new standard for user-centric financial flexibility in the betting industry. The platform's proactive approach highlights its commitment to staying at the forefront of the cryptocurrency landscape.

Embracing Ethena's Potential

Cloudbet’s decision to incorporate Ethena tokens follows a comprehensive evaluation of the crypto environment, underscoring the platform's dedication to innovation. The inclusion of ENA, the governance token of the Ethena protocol, which debuted at $0.55, aligns with Cloudbet’s strategy to offer users a competitive edge in the market. The underlying mechanics of USDe, combined with the Internet Native Yield concept, provide Cloudbet bettors with an advantageous position compared to those using other stablecoins.

Expansion and Commitment to Crypto Gaming

Reaffirming its dedication to crypto-friendly gaming, Cloudbet has extended its support to various blockchain networks, including TON and Base. This expansion further solidifies Cloudbet's status as a pioneer in the crypto betting arena. Since its inception in 2013, Cloudbet has established itself as a trusted and secure platform, offering betting options with over 30 cryptocurrencies and catering to a global audience with services in 18 languages.

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