According to Wu, DeFi organization YAM posted that, based on its calculations, among the underlying support assets totaling $4.4 billion for the stablecoin USDe, as much as $1.33 billion is involved in “self‑lending” (Lending against itself). YAM explained that its calculation rule is: “Estimated self‑lending size = total borrowing amount using USDe/sUSDe as collateral × Ethena’s share of liquidity provided in that market.” Using this proportional allocation method, the total borrowing amount collateralized by Ethena‑related assets is currently about $1.67 billion, of which the estimated amount attributable to Ethena self‑lending is about $1.33 billion, and the remaining approximately $336 million comes from other lenders. https://t.co/ovZ6IbX5G0
Ethena USDe (USDe)
Ethena USDe Дані про ціни в реальному часі
Ethena USDe USDe Історія зміни цін USD
Стати власником USDe зараз
Купуйте та продавайте USDe легко та безпечно на BitMart.
Заробити
Залучайте неактивну криптовалюту до роботи та легко отримуйте пасивний дохід через заощадження, стейкінг та інші послуги.
Ethena USDe X Інсайт
177.3K @wublockchain12 
1
1
826
2.2K @eldarcap 
8.8K @yieldsandmore By our calculations, $1.33B out of $4.4B of USDe's backing is lending against itself.
Here’s the rule we used:
Estimated self-lending = gross borrowing against USDe/sUSDe collateral × Ethena’s share of supplied liquidity in that market
So if a pool has $556M borrowed against USDe/sUSDe, but @ethena supplies 47.4% of the liquidity, we attribute ~$263M of that as Ethena-funded self-lending.
We’re not counting the full amount borrowed against USDe/sUSDe as “self-lending” where @ethena is not the only lender.
Using this pro-rata method, we get:
- Estimated Ethena self-lending: ~$1.33B
- Gross amount borrowed against Ethena assets: ~$1.67B
- Difference from pro-rata attribution: ~$336M
Sources of data:
AAVE: https://t.co/zeU9yvlXvY
Steakhouse USDtb: https://t.co/SpF5M5fcab
Steakhouse Prime: https://t.co/M63p1PVYV6
Kamino: https://t.co/opd9knbVcf
Juplend: https://t.co/RmdBd58Xz3
Backing: https://t.co/RrxbDYxemJ
101
7
29.8K
2.8K @rookie_of_Ph 
117.7K @PrimordialAA Guy and the @ethena team are some of the most impactful builders of internet-native/better money. Proud to have them building on @LayerZero_Core and see them setting an example for what a continuously improving security setup can look like.
USDe and sUSDe continue to be some of the most used assets in the space, moving $4B of their lifetime $33B in the last 30 days alone.
Extremely fortunate to get to work with people like @gdog97_ @n2ckchong & team. It's a long and fruitful road ahead, much more to come.
101
10
7.5K