Situation Similar to FTX Likely for Ethena's USDe, CryptoQuant Data Suggests
Ethena Labs must bolster its reserve fund to safeguard against potential financial pressures in volatile market conditions.

Ethena Labs must bolster its reserve fund to safeguard against potential financial pressures in volatile market conditions.
USDe developed by the Ethena team is a synthetic dollar based on Ethereum that uses a Delta Hedging strategy to hedge against market volatility risks and achieve efficient use of funds.
Ethena Labs' USDe stablecoin faces scrutiny amid comparisons to Terra's troubled history, prompting reflection on risk management strategies.
Ethena, DeFi, Bankless: The DeFi track is setting off an Ethena wave. Golden Finance, investors are competing to buy USDe.
MakerDAO recently proposed to allocate $600 million of DAI to USDe and sUSDe. How to understand MakerDAO's move? Crypto KOL Duo Nine published an article to explain.
Ethena was launched on Binance on April 2 and performed well, attracting widespread attention in the cryptocurrency market. Among them, Arthur Hayes, an early investor, cheered for it on social media, further highlighting its potential influence in the market.
Endgame is a major update to MakerDAO designed to increase efficiency, resiliency, and participation by creating a strong governance balance that serves as the cornerstone of SubDAO to parallel growth and product innovation in an emerging community-driven ecosystem.
Bybit has forged a strategic alliance with Ethena Labs, bringing forth Ethena's USDe stablecoin to the Bybit platform. USDe, a decentralised monetary solution, operates independently from traditional banking systems. It leverages delta-hedging staked Ether (ETH) for comprehensive collateral backing.
The Maker Protocol could extend yet another arm into the traditional finance space if a proposed integration with a Pennsylvania-based bank passes this week.
MakerDAO is back in the spotlight after Terra’s UST debacle forced investors to look for a truly “stable” dollar-pegged asset.