📢 Gate Square #MBG Posting Challenge# is Live— Post for MBG Rewards!
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1️⃣ Research the MBG project
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Take part in MBG activities (CandyDrop, Launchpool, or spot trading), and post your screenshots, earnings, or step-by-step tutorials. Content can include profits, beginner-friendl
The market value of USDe has risen to 34.6 billion US dollars, with a capital inflow of 1 billion US dollars in the past month.
According to DefiLlama, the stablecoin USDe issued by Ethena Labs has attracted approximately 1 billion US dollars in new capital in the past month, and its market capitalization has risen to 3.46 billion US dollars, which is only 5% lower than the historical high of 3.6 billion US dollars set in July. The funding rate of the encryption market Perptual Futures turned negative in August and September, which was unfavorable to Ethena's strategy for investors, as its yield was lower than the risk-free Interest Rate in USD. Investors withdrew $1.2 billion from the protocol from July to October. Analysis shows that the reason for the rebound in USDe supply can be attributed to the recent surge in funding rate in the contract market. Data from Ethena's official website shows that the average APY of sUSDe (stake USDe) has risen to 29%. There may be more catalysts in the future to further drive its rise. For example, the Decentralization lending protocol Aave has added stake USDe Token to its available collateral assets, allowing users to borrow against the Token as collateral and earn income. (CoinDesk)