$USDe added $1.2B in market cap over the last two weeks, representing a 22% growth since the beginning of the month and reaching a new all-time high! This occurred while the market was rallying, which resulted in more funding fees paid to shorts and more yield in $ terms from liquid staked $ETH. As a result, the yield of the $6.5B stablecoin has surged to an impressive 10% per year. Is this the peak, or are we entering a new Ethena season, more than a year after the $ENA airdrop?
10% APY at $6.5bn TVL There is no second best
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