Arthur Hayes: Base spreads are traded or are returning, and ENA will benefit in a unique way

On 25 August, Arthur Hayes, a co-founder of BitMEX, indicated on platform X that his off-site broker had begun to contact the team to enquire about the dollar loan. Hayes claims that, although current interest rates on United States dollar borrowing are still too low, this is a positive sign that the base-side transaction is returning. In his view, Ethena ENA would benefit in a unique way and there was still considerable room for increase。