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Tommy2025-10-13 06:42:56
Fantastic post by on $ENA USDe did not depeg, Binance did. The issue is Binance not having a direct relationship to allow market makers to mint/redeem to arb the price + not using the deepest liquidity pool (curve) as the oracle price Ethena operated A+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 x.com/gdog97_/status…
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Jonathan Reed2025-10-13 03:58:27
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King Of Para2025-10-12 22:57:30
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Decode2025-10-12 11:01:50
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