Source: Coindesk.com
In the event of negative funding rates, Ethena’s current reserve fund would only be sustainable if USDe’s market cap was below $4 billion. Ethena generates a yield through a tokenized "cash and carry trade." CryptoQuant says Ethena would need to maintain a keep rate above 32% in the event of a bear market.
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The post "USDe Holders Should Monitor Ethena's Reserve Fund to Avoid Risk, CryptoQuant Warns" appeared first here Coindesk.com.
Source: Coindesk.com
