According to Odaily, Pendle, a prominent player on the X platform, has announced that the deposit cap for Ethena Labs' sUSDe has been raised to $400 million as of July 2024. The current data indicates that the deposit cap has reached $371 million. This significant increase in the deposit cap reflects the growing trust and confidence in the platform's ability to handle larger transactions and volumes. The move is expected to attract more users to the platform, thereby increasing its overall liquidity. However, it is important to note that while the deposit cap has been increased, users should still exercise caution and conduct their own research before making any large deposits.