Working on and thinking about decentralized social media and digital public spaces

Trader Eugene stated on X platform that after an increase of 1.2 billion in circulation over the past 6 weeks, USDe's current circulation is 3.7 billion. Over the past 6 weeks, the yield of USDe has increased from 10% to 25%, and Deribit has accepted USDe as collateral for stablecoins. Ethena's cost conversion proposal has also been approved, ensuring that sENA holders are the main beneficiaries of the successful agreement. These developments have exceeded expectations for ENA two months ago and have adjusted ENA's target price to a higher level. @guo