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Ethena’s token generates yield from perpetual futures’ funding rates and passes on the income to those who lock-up or stake, the token. Meanwhile, Superstate sells futures with certain maturity dates providing a more predictable return, and distributes the yield to all token holders, Leshner said. USCC also targets qualified, whitelisted investors to comply with U.S. securities laws and operates as a series of a Delaware Trust, a bankruptcy-remote entity from Superstate, he added.