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Stablecoins·DeFi

Ethena’s Deployed Capital Plunges 85% to ~$791M as Leverage Demand Cools

Ethena's deployed capital sank 85% to ~$791M from $5B+ as perp leverage demand cooled, compressing funding and USDe basis-trade yields as carry returns fade.

BTETUS
RARavi DeshmukhMar 13 18:02