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Intelligence firm IntoTheBlock unveiled an on-chain risk monitor for Ethena Labs’ stablecoin – USDe -, offering top-notch risk indicators.
Ethena now has a set of advanced risk indicators for analyzing economic risk!
We're excited to share that @ethena_labs is now available in the DeFi Risk Radar, providing advanced risk indicators for the protocol and it's synthetic stablecoin, USDe👇https://t.co/dRvXXr4IXL— IntoTheBlock (@intotheblock) April 12, 2024
The detailed chart covers vital metrics, including sUSDe price actions, USDe peg monitor, volatility distribution, and DEX liquidity. Also, users can have a comprehensive view of the stablecoin’s performance and stability.
Source – IntoTheBlock
Also, the radar incorporates analyses of DEX exit fee simulation, DEX pool concentration, curve pool asset distribution, and USDe price deviation by pool/protocol.
Moreover, the stablecoin market depth feature remains vital for investors and traders interacting with the Ethana blockchain.
Meanwhile, the latest risk radar feature comes amid surged questions about USDe’s sustainability, considering the protocol’s massive 37% staking yields.
Some industry experts believe Ethena’s strategy of capitalizing on price differences between futures and spot marts could only survive during bull runs.
USDe’s growth
Ethena’s stablecoin has a market capitalization above $2.3 billion at press time, a massive 400% increase from around $350 million in February.
Ethena saw tremendous growth over the past month, with March revenue exceeding $25 million.
Also, altcoin ENA recorded impressive price actions within the last 30 days, gaining 80% to press time levels of $1.24.
ENA 1 Month Chart
However, the altcoin lost over 11% in the past day as bears dominated the overall crypto market.
The post Ethena stablecoin’s real-time risk monitor chart goes live appeared first on Invezz
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