KoinlyticsSUSDE news
Curated crypto headlines with the on-chain context most tools skip. Written by the team behind Koinlytics.
The Yield Under USDe Is Quietly Moving From Perp Funding To BlackRock's BUIDL
Ethena pushed USDe and sUSDe onto Monad through Aave, hitting $17.2M in 7 days via Stargate. The bigger shift is underneath, where yield is rotating from perp funding to RWA collateral.
Ethena sUSDe Yield Compresses As Perp Funding Cools, ENA Basis Trade Loses Its Edge
sUSDe APY has compressed as global perp funding rates cooled through July, cutting the delta-neutral basis yield that funds Ethena. The stablecoin still holds peg, but the risk/reward of holding sUSDe versus SSR or T-bill vaults is now much tighter than at the March peak.
Follow every move that matters to your bag.
Track your portfolio, LP positions and impermanent loss live. Join Koinlytics and see what moves the market before it shows on Twitter.
Join Koinlytics