Ethena TVL has reached 285 million US dollars, and the USDe Curve pool has temporarily reached the deposit limit
The current TVL of the Ethena protocol has reached $285 million with 4,455 participating users, according to information on the official website of USDe developer Ethena Labs.
In addition, the USDe Curve pool participating in the "Shard Campaign" event has temporarily reached the deposit limit. According to a previous official announcement, the project will continue to increase the limit value in the future.
It is reported that USDe is an Ethereum-based stablecoin secured by derivatives, which achieves price stability by conducting "delta-neutral" hedging in centralized and decentralized venues. To create USDe, Ethena allows users to use USD, ETH, or liquidity collateral tokens as collateral.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Do Kwon’s extradition case goes back to Montenegrin justice minister
SEC seeks sanctions against Elon Musk over Twitter purchase
SEC greenlights listing and trading options for BlackRock's spot bitcoin ETF
The SEC approved spot bitcoin ETFs earlier this year, but had not yet approved listing and trading for options on those products.
Securitize adds Wormhole for multi-chain RWA tokens