- BitMEX founder Arthur Hayes revealed Athena’s threat radar chart for USDe.
- It consists of key metrics corresponding to USDe Peg Monitor, sUSDe Value Efficiency and USDe DEX Liquidity.
- The trouble comes amid elevated scrutiny of USDe’s sustainability as Athena gives a 37% return to punters.
Arthur Hayes, founding father of the BitMEX change, not too long ago introduced Athena Labs’ on-chain USDe stablecoin threat radar chart offered by IntoTheBlock information platform. In a current put up on X, this growth was highlighted by Colin Wu’s crew.
The great chart gives a multifaceted view of USDe’s stability and efficiency. It covers key metrics corresponding to USDe Peg Monitor, sUSDe Value Efficiency and USDe DEX Liquidity.
The radar chart additionally consists of analyzes of the USDe value deviation by protocol or group, volatility distribution and curve group asset distribution. As well as, it tracks the simulation of DEX exit payment and DEX fund focus.
Moreover, the radar chart sheds gentle on vital features corresponding to USDe and stETH market depth, providing invaluable insights for merchants and traders navigating the Ethena ecosystem.
Notably, this effort comes amid elevated scrutiny of Athena’s USDe sustainability, because the protocol gives a staggering 37% return for punters. Athena’s technique includes exploiting value differentials between the spot and futures markets, which is proving notably profitable amid hovering token costs and escalating funding charges.
Trade specialists corresponding to Ki Younger Ju have expressed concern that Athena’s technique may survive a bull market, however are not sure of its stability in a bear market. This skepticism arises when in comparison with UST Terra Luna, whose enticing charges later led to its collapse in 2022.
At press time, the USDe cap reached over $2.39 billion, up over 400% from $350 million on the finish of February. In March alone, Athena boasted gross sales that exceeded a formidable $25 million.
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