$ENA Risk Radar Weekly Update: (as of April 29) ๐
Key Indicators and Current Status:
โถ๏ธ Peg Threshold: Generally Stable (-0.25%) ๐ช
โถ๏ธ Price Deviation: Green Zone (0.997-0.999) ๐ข
โถ๏ธ USDe Supply: $2.35 Billion ๐
โถ๏ธ Backing Asset: $2.35 Billion ๐ฏ
โถ๏ธ Reserve Fund: $35.8 Million ๐
Note: USDe/DAI experience slight price movements this week. A -0.25% deviation (lowest) falls within the range of acceptable deviations for most stablecoins, and this could be due to temporary market fluctuations. ๐๐ป
Understanding the Data: => Read in repost below
Stay informed!! DYOR #ENA #BinanceLaunchpool #BullorBear