BitMEX founder Arthur Hayes shared a risk radar chart for Ethena’s USDe. This chart includes important metrics such as USDe Peg Monitor, sUSDe price performance and USDe DEX liquidity. There are concerns about the sustainability of USDe, as Ethena offers a 37 percent return for stakers. This effort comes at a time when these concerns about the altcoin project are increasing.
Arthur Hayes shared the risk radar chart for USDe!
cryptokoin.comAs you follow from , Ethena’s USDe made a sensational entry into the market. Moreover, the offer of high returns for stakers brought Terra’s stablecoin to mind. Hence, discussions and concerns around the altcoin have increased. BitMEX exchange founder Arthur Hayes recently shared an on-chain risk radar chart from intelligence platform IntoTheBlock for Ethena Labs’ USDe stablecoin. Crypto journalist Colin Wu’s team drew attention to this development in an article published on X.
The comprehensive chart provides a well-rounded view of USDe stability and performance. USDe Peg Monitor includes important metrics such as sUSDe Price Performance and USDe DEX Liquidity. The radar chart also includes analysis of USD price deviation, volatility distribution and curve pool asset distribution by protocol or pool. Additionally, it tracks DEX exit fee simulation and DEX pool concentration. Additionally, the radar chart highlights critical aspects such as USDe and stETH Market Depth. Thus, it provides valuable information for traders and investors navigating the Ethena ecosystem.
What is the source of concerns for altcoin?
Notably, this effort comes at a time of increased scrutiny on Ethena’s USDe sustainability. Because the protocol offers a surprising return of 37% for stakers. Ethena’s strategy involves taking advantage of price differences between the spot and futures markets. It is also proving to be lucrative, especially in an environment where token prices are rising and funding rates are increasing.
Industry experts like Ki Young Ju say Ethena’s strategy can survive a bull market. But they express concern that they are unsure of its stability in a bear market. This skepticism comes amid comparisons with Terra Luna’s UST, whose attractive rates later led to its collapse in 2022. At the time of writing, the value of USDe has risen from less than $350 million at the end of February to over $2.39 billion, an increase of over 400%. Ethena generated an impressive revenue of over $25 million in March alone.
To be informed about the latest developments, follow us twitter‘in, Facebookin and InstagramFollow on and Telegram And YouTube Join our channel!