PANews reported on August 28 that according to monitoring by on-chain analyst @ai_9684xtpa, three addresses of Abraxas Capital Mgmt redeemed $91.22 million USDe from Ethena in the past week, ranking first in terms of fund size among redemption addresses.

It is reported that there is only one week left before the end of Ethena's second season airdrop event (September 2). The current Ethena TVL is US$2.92 billion, which has fallen below US$3 billion, a loss of more than US$600 million from the TVL peak of US$3.612 billion in early July.