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Soroa
@soroa
Ethena Labs is still closely watched for potential contagion risks. The bull market is now helping the project, but the effect of USDe may spread to additional protocols. Ethena Labs is gaining support from the Ethereum (ETH) bull market. However, the project is still a source of risk, tied to the newly issued 3.4B of USDe. The project now faces both external and internal factors that could sway the balance and affect the usage of USDe.
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