
Ethena (ENA), a synthetic U.S. dollar protocol on Ethereum, experienced a significant drop amid bearish market sentiment. Holders of USDe are advised by CryptoQuant to monitor Ethena's reserve fund to mitigate risks of negative funding rates.
Data provider @cryptoquant_com says holders of @ethena_labs' $USDe should monitor the project’s reserve fund to avoid risks related to the potential of a negative funding rate. https://t.co/P8P97NB5S7
BTC funding -12.57% ETH funding -3.85% It's not looking good for Ethena yield.. https://t.co/wYFBFpu6za
USDE HOLDERS SHOULD MONITOR ETHENA'S RESERVE FUND: CRYPTOQUANT CryptoQuant advises USDe holders to keep a close watch on Ethena's reserve fund due to potential risks from negative funding rates. Source: CoinDesk https://t.co/x842EEIRb8
