$ENA Risk Radar Weekly Update: (as of May 13) 👇

Starting today, we'll be providing you with weekly updates on $ENA Risk Radar. This will help you stay informed about leading indicators that could potentially impact the stability of USDe, including depegging events.

Key Indicators and Current Status:
▶️ Peg Threshold: Generally Stable (-0.02%) 💪
▶️ Price Deviation: Green Zone (0.999-1.001) 🟢
▶️ USDe Supply: $2.37 Billion 📈
▶️ Backing Asset: $2.38 Billion 💯
▶️ Reserve Fund: $35.79 Million 👍

Understanding the Data: 📚📍
(1) USDe Peg Threshold: We focus on the price deviation between USDe and two major stablecoins, DAI and USDC. A reading close to 0% indicates a strong peg.
(2) USDe Price Deviation: This metric analyzes USDe's price deviation across different trading platforms and liquidity pools. The green zone signifies very minor deviations, suggesting overall stability. We use data from the past seven days for this assessment. Red, Yellow, and Green zones are defined based on internal Risk Radar thresholds.
(3) The "Generally Stable" label is provided for your convenience to give a quick sense of USDe's current peg health. It reflects a minor deviation that is typically insignificant and unlikely to suggest major pegging mechanism issues.

Stay Tuned! Follow us and we'll continue to provide regular updates on Ethena's Risk Radar insights to help you stay informed. 😊🔎#bitcoinhalving #ENA #BullorBear #Megadrop

For a real-time look at USDe's peg stability, head over to: defirisk.intotheblock.com and app.ethena.fi