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John P ↑🎩🔵🤫
@johnp
@mattwalshinbos In the roundup, can you all comment on the demand-side implications that Ethena has on ETH? Most talk is about the security and supply-side economics of Ethena and that feels fine. But, doesn't more USDe -> lower funding rate -> more consumed leverage -> higher potential for cascading liquidations?
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Mustang🔵🎩🍖🎭
@mustang
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