So was it a real 'depeg' of USDe, or systemic issues that have nothing to do with Ethena fundamentals?Traders including @ElonTrades suggest the flash crash on Friday has given Binance a lot to think about.https://t.co/plJc9RY17H ...

RT Haseeb ＞|＜ (@hosseeb)Did Ethena Really Depeg?I’ve seen a lot of chatter about the Ethena depeg during the market mayhem this weekend. The story is that USDe briefly depegged to ~68c before recovering. Here’s the Binance chart everyone is quoting:But digging into the data and talking to a bunch of folks over last couple days, it's now clear this story is not correct. USDe did *not* depeg.First thing to understand about USDe: its most liquid venue is actually not on exchanges, it’s on Curve. There’s hundre ...

steth depegs to 0.97 are free money. only 0.35% of supply can exit without impact so leveraged unwinds create predictable arbitrage. lido processes $42b through pools too thin for size. buy the depeg sell the restoration. works every time because the queue forces it back to peg. ...

Market Risk - Venus Protocol's utilization rate is reaching 99% [1] - USD1 depegs 200 basis points (2%) on BNB Chain every Sunday at 2 AM UTC [1] Investment Implication - Funding 20% APY exits [1]

Pudgy Penguins have depegged from BTC:May 1st: 1 Pudgy Penguin = 0.2 BTCJune 1st: 1 Pudgy Penguin = 0.22 BTCJuly 1st: 1 Pudgy Penguin = 0.21 BTCNow: 1 Pudgy Penguin = 0.46 BTC ...