Kinda scared me that despite holding sUSDai, the mild "depeg" in Fluid while being super leveraged reminds me that price risks still exists after all
sUSD Live Price data
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Note that the current sUSDe APY is 3.5%
88% is Undelegated Backing
Most of that, $5.21B, is in a Liquid Stable form
It is estimated to be mostly USDtb backed by government bonds
But... the staking rate is 50%, so shouldn't the interest rate be above 6%?
Anyway, TVL has dropped significantly to $6.67B https://t.co/OioDFrUF4n
Ethena sUSDe cooldown period reduced from 7 days to 1 day
It may not matter to many,
Ethena's sUSDe → USDe unlock cooldown has been shortened from 7 days to 1 day.
Actually it's not a flat 1 day, but 1–7 days,
If there is a Liquid Reserve, it can be 1 day; otherwise it may extend up to 7 days.
So this makes operating on platforms like Pendle more convenient,
but the current interest rate is not supported, making it tough.
Good luck with the $sUSD peg restoration.
But even if you could by buying the whole supply, it doesn’t matter. The design is fundamentally unsound.
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