According to Foresight News, CryptoQuant said that USDe holders should monitor Ethena reserves to avoid risks associated with potential negative funding rates. In the case of negative funding rates, Ethena's current reserve fund can only be sustainable when the USDe market value is less than $4 billion. If a bear market occurs, Ethena needs to maintain a holding rate above 32%.
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CryptoQuant warns USDe holders to monitor Ethena reserves to avoid negative funding rate risk
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