Ethena's USDe Stablecoin Sees Significant TVL Decline

According to ChainCatcher, the total value locked (TVL) of Ethena's synthetic stablecoin, USDe, has experienced a significant drop from $14. 8 billion in October to $7. 6 billion, marking a decline of over 50%. The sharp decrease is primarily attributed to the unwinding of leveraged loop strategies in decentralized finance (DeFi) protocols, particularly in lending markets like Aave source: https://www.binance.com/en/square/post/32885564871225?utm_source=BinanceNewsRSS