Ethenaâs USDe has lost $5B in market cap since Black Friday.
And one of its biggest whales saw it coming đ
@hexonaut explains why Spark âexited entirely," even after being an early believer đŠ https://t.co/gF1t9wQlan
Ethena USDe (USDE)
Sentiment
Shows the token's social media mindshare and sentiment over time
â„ The Protocol That Rebuilt Yield Stacks on $USDe
Stablecoins earn too little and DeFi APY just too volatile for your appetite.
@strata_money bridges that gap by structuring Ethenaâs USDe into user-friendly yield layers.
Hereâs everything you need...
10/29/2025 16:04
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Last week's DeFi launches and updates:
Tydro launched as Inkâs native Aave v3-based lending protocol, offering supply and borrowing markets for assets like USDT0, wETH, and GHO.
Ethereal launched Mainnet Alpha, enabling USDe-based perpetuals and re...
10/27/2025 05:11
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â„ Ethereal: The Perps DEX That Pays Traders Instead of Charging Them
Old model: pay funding to trade.
New model: earn yield as you trade.
That shift defines @etherealdex, powered by $USDe, built for speed, liquidity, and yield in one place.
Every...
10/24/2025 14:56
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ethereal dex paying market makers 27% apy on margin collateral through usde yield pass-through. every other perps dex charges you funding. ethereal pays you to sit on the book. $14b usde tvl about to discover why market makers love free money. hyperl...
10/22/2025 04:43
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Good day my respected fellows,
What an splendid time to survey the various stablecoin yield opportunities on the @Plasma chain.
Oh? What's that?
6.2% fixed APY on PT-USDe?
19.4% fixed APY on PT-USDai?
Goodness - a grand way to maximize your retur...
10/21/2025 12:30
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There are a handful of DeFi integrations where you can look at a chart and say:
"Yep, this is when XYZ launched."
Exception to this is PT-USDe and PT-sUSDe listing on @aave that saw +$270m TVL in literally 24 hours.
Pendle Plasma https://t.co/qjqM...
10/21/2025 02:29
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ethena's susde survived a flash crash to $0.65 with $2b in redemptions processed smoothly. abraxas capital pulled 300m+ usde in one go and the peg recovered. now pendle's pt-susde tokens lock in 11-19% fixed yield for months. the stress test just pro...
10/19/2025 01:24
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ethena usde crashed to $0.65 on binance but only depegged 2-5 basis points on-chain. cex order book pricing vs oracle feeds created a 35% arbitrage gap. $2b got redeemed in panic. binance paid $283m compensation. next time a stablecoin depegs on cex ...
10/17/2025 10:09
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"Have recent events proven that hardcoding USDe to $1 was the correct choice?" @salveboccaccio
@gdog97_ explained the risk tradeoffs that money markets are making in regards to @ethena_labs USDe pricing and backing within DeFi https://t.co/5R52NLD3...
10/16/2025 13:13
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Everyone's chasing the next best R/R opportunities to park their stablecoins in a delta-neutral setting.
Everyone says their project is the best thing, but here's why @Terminal_Fi actually has the highest APR for any $USDe market:
- Ethena points (...
10/15/2025 14:10
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In the abundant reserve regime, banks earn yield on deposits at the interest rate that the Fed literally decrees rather than letting markets decide.
Itâs the TradFi version of hardcoding USDe to $1 on Aave.
It is intellectually not possible to sup...
10/14/2025 23:12
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đš THE BINANCE GLITCH THAT BROKE THE MARKET
Three tokens, $USDE, $BNSOL, and $WBETH, all crashed over 80% only on Binance. The same three that were about to get a pricing update. The chance of that being random is almost zero.
Liquidity vanished, b...
10/14/2025 00:58
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On Friday ~$19B of positions (real number probably much more) were liquidated in hours
PAXG fell to ~$3,600 on Binance (from ~$3,950).
EURC fell to ~$1.085 on Coinbase (from ~$1.15).
USDe fell to ~$0.65 on Binance (from ~$1.00).
Did you notice t...
10/13/2025 12:26
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Binance:
-halted trading
-faulty oracles mispriced USDE, BnSOL, wBETH
-forced liquidations of estimated $400 BILLION
-knew they fucked up and offered $250M in rebates
-now binance wallet is zeroâing out many users wallets due to ânetwork congestionâ
...
10/13/2025 11:15
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Thereâs several issues here.
First, even if we agree to go with a middle ground, then USDe should have been allowed to depeg for DeFi to .995 rather than be hard coded to 1. This is safer because there could be instances where the deepest pools of ...
10/12/2025 23:13
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Summarizing the biggest crypto liquidation event ever âŹïž
> crypto just lived through its biggest liquidation ever
> $19B+ wiped in under 24h
> started on binance where usde wbeth bnsol depegged locally
> unified accounts used binance bo...
10/12/2025 23:00
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the liquidation cascade on friday was a coordinated attack that began with a usde de-peg
the attack occured on binance and the de-peg only happened on binance
the de-peg was only possible because of issues with binances pricing oracle
binance cont...
10/12/2025 20:04
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Black Friday came early this year...
It started when China weaponized its rare earth exports.
Hours later, Trump hit back with a yuge 100% tariff on all Chinese goods.
Markets panicked and $BTC crashed $20K within minutes, dragging the entire mark...
10/12/2025 15:00
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Ethena just had its stress test... and passed.
During yesterdayâs liquidations, USDe saw sharp volatility, even dipping briefly off peg.
But through it all, mint and redeem stayed fully live.
Thatâs what real stability looks like.
If anything, th...
10/12/2025 10:00
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While we share these suggestions privately with any partner we work with across both DeFi and CeFi, want to surface this publicly so there is zero doubt going forward on what we view as appropriate oracle design and risk management for USDe: https://...
10/12/2025 09:18
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Last few thoughts. Cap the maximum allowed USDe which can be used as collat for perps to some function of the liquidity in the USDe/USDT book or wherever USDe is sent during liquidation.
Also, even though hard coding USDe 1:1 with USDT on DeFi corr...
10/12/2025 07:36
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Sometimes longs get rekt at the same time that collateral gets impaired creating a severe cascade that triggers other liquidations. Even though USDe operated correctly in isolation, liquidity just wasnât there to absorb all the liquidations. I did ...
10/11/2025 19:19
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Ethena's USDE depegging from USDT had a big impact in today's crypto liquidations cascade.
Can tell so as names not actively traded in CEXes didn't suffer as much -- with some coins actually having already fully recovered the dump.
USDE is extensiv...
10/11/2025 06:38
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Off-chain: every fintech wraps around Atomic, Bridge, or a tokenized T-bill to provide MMF yield
On-chain: USD* and USDe for uncorrelated rewards; sUSDS for RWA returns; restaked USD for lending market rates
If interest on dollar becomes a given an...
10/10/2025 14:13
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microdosing metformin, megadosing creatine
microdosing pumpfun, megadosing USDe loop
microdosing sex, megadosing sleep
microdosing volatility, megadosing convicion
gm fams, to the higher highs of wealth and health https://t.co/UGzsWL2Xgx
10/7/2025 21:39
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people keep calling @solsticefi "the Ethena of Solana"
while it's easy to explain like that, things are more complicated
both are stablecoin protocols but there are fundamental differences:
⧠$USX is stuck on Solana (for now)
⧠USDe can move freel...
10/6/2025 16:16
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Description
#21
Ethena USDe is a delta-neutral synthetic dollar, aiming to be crypto's first fully-backed, onchain, scalable, and censorship-resistant currency. It introduces the "Internet Bond" offering a yield-bearing, dollar-denominated savings instrument derived from Ethereum staking returns and perpetual and futures markets.
| Sector: | Stablecoins |
| Blockchain: | Ethereum |
Social Statistics
Social media metrics tracking this token's online presence. Mindshare shows the percentage of crypto discussion focused on this token. Momentum indicates trend direction (rising or falling). Net Sentiment measures overall community sentiment (positive, negative, or neutral) based on the difference between positive and negative mentions.
Mindshare (24h)
0.17%
Mindshare Momentum
Down
Net Sentiment
Neutral
Sentiment Momentum
Down
Featured Tweet
Post with highest engagement and good quality mentioning Ethena USDe in the past week