[Ethena USDe stablecoin real-time risk monitoring is now online]

BitMEX exchange founder Arthur Hayes recently introduced Ethena Labs’ USDe stablecoin risk radar chart provided by blockchain intelligence platform IntoTheBlock. This tool provides a multi-dimensional assessment of USDe stability and performance, covering key indicators such as USDe Peg monitoring, sUSDe price performance and its liquidity on DEX.

The radar chart analyzes USDe price deviation, volatility and curve pool asset distribution by protocol or pool. In addition, DEX exit fee simulations and DEX pool concentration are tracked, and key aspects such as USDe and stETH market depth are detailed, providing valuable information to traders and investors in the Ethena ecosystem.

This announcement comes against the backdrop of an enhanced review of Ethena’s ongoing USDe. The protocol offers yields of up to 37%, primarily leveraging price differences between spot and futures markets, which is especially effective when token prices rise and funding rates increase.

Industry pundits such as Ki Young Ju have expressed concerns about Ethena's strategy, fearing that it may perform well in a bull market but may not be stable enough in a bear market, recalling the eventual collapse of Terra Luna's UST due to high interest rates.

As of now, USDe has a market cap of over $2.39 billion, growing over 400% since the end of February. In March alone, Ethena recorded a staggering revenue of over $25 million.

#鴉快訊 #USDe $ENA @Ethena Labs