2026-01-06 12:24:32

Curious about Ethena Labs' growth engine? Here's how their SaaS flywheel actually operates.

The model stacks leverage upon leverage—each component feeds the next, creating accelerating momentum. User adoption drives protocol volume, which strengthens tokenomics, which attracts institutional capital, which enables deeper liquidity and product expansion. That expanded liquidity then pulls in more users. It's not accidental; it's architected.

The real edge? They've baked sustainability into the mechanics. Unlike models that require constant marketing oxygen, this one becomes self-reinforcing once critical mass hits.

ENA0,95%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

7 Likes

Reward
7
8
Repost
Share

Comment

0/400

fren.eth

· 01-09 12:24

Ngl Ethena's flywheel logic is indeed well written, but has it actually been implemented successfully?

View OriginalReply0

FomoAnxiety

· 01-08 17:30

NGL, this flywheel logic sounds pretty perfect, but I'm just worried that in actual operation, a certain link might fail... Is it really that easy to reach critical mass?

View OriginalReply0

gas_guzzler

· 01-06 12:49

NGL, this flywheel sounds perfect... but can it really get off the ground? I always feel that the critical mass part is the most likely to fail.

View OriginalReply0

LiquidationOracle

· 01-06 12:48

ngl this flywheel design does have some merit, but the key is whether it can truly reach that critical point...

View OriginalReply0

TokenomicsShaman

· 01-06 12:41

NGL, this kind of self-sustaining cycle sounds very sexy, but in reality, how many rounds it can run before collapsing depends on the market sentiment.

View OriginalReply0

CoinBasedThinking

· 01-06 12:41

Ngl Ethena's flywheel looks great, but very few projects can actually run smoothly... By the way, how large does the critical mass need to be to truly take off?

View OriginalReply0

Frontrunner

· 01-06 12:34

The flywheel model sounds good, but the question is where is the critical point...

View OriginalReply0

CommunityWorker

· 01-06 12:24

This flywheel model sounds impressive, but how many can actually get it running?

View OriginalReply0