USDX has depegged to $0.3887.Brave whale 0xe454 quickly spent 800K $USDT to buy 933,241 $USDX at $0.8572 right after noticing the depeg — adding to the 1.4M $USDX he bought a week ago, all submitted for redemption.If redemption succeeds, he'll net around $135K in profit.But 3 hours have passed, and he has not yet successfully redeemed.https://t.co/uNYaAmyHI6 ...

synthetix infinex team dumped snx positions then promoted susd deposits knowing the depeg was coming. infinex patrons nft collection now worth more than snx itself. kain took back governance control same week. susd cant redeem for snx at par, 171m tokens staked facing slashing if depeg worsens. insiders exit, stakers get trapped with the debt pool liability ...

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 ...

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 ...