According to Foresight News, The Defiant reported that since October 17, USDe's market value has risen by $1.46 billion, or nearly 61%, to a record high of $3.87 billion, second only to Sky's DAI ($4.25 billion market value). As the recent financing rate for short positions has exceeded 38%, Ethena estimates that sUSDe holders currently have an APY of 25%.
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Ethena USDe market value has increased by 61% in the past month, reaching a record high
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