Ethena price

🚨 It feels like something big is about to happen in DeFi (a strange vibe) Especially as we see platforms like Compound, Lista, Silo, Morpho, Ethena Labs (USDe), Stream Finance (xUSD), and other similar Curator/borrowing platforms showing obvious lack of transparency and liquidity. At the same time, the utilization rates of various lending assets have skyrocketed to levels of 95% to 100%, which actually means: if you want to withdraw or cash out → it may become difficult. Currently, although there is no widespread panic, once panic spreads = bank run initiates → runs on the bank → a chain reaction begins. In this cycle, the entire DeFi "Lego" model has become too intricate, with various protocols cross-referencing each other; if one link fails, all links fail. AAVE's volume has reached 60 billion USD, but the core assets underneath are looping at a very high rate. A reminder to everyone: before chasing high yields and high utilization, be aware of the structural risks behind it. ⸻ 🔍 Here are a few points worth highlighting: • Stream Finance has announced a loss of about 93 million USD and has suspended deposits and withdrawals. • At the same time, investigations have found that its exposure to lending/stablecoins exceeds 284 million USD, and the risks may spread to multiple protocols. • Liquidity and structural issues with Compound, Silo, and major lending platforms. Now is not the time to only look at "high interest rates" and "high utilization"; instead, ask yourself: "If I can't withdraw / if I can't mine / if the borrower collapses, how will this entire leverage/interconnected structure fall apart?" The era of DeFi is indeed here, but the Lego is too chaotic, and the foundation is too fragile, which should alert all participants.🫡

🚨 It feels like something big is about to happen in DeFi (a strange vibe) Especially as we see platforms like Compound, Lista, Silo, Morpho, Ethena Labs (USDe), Stream Finance (xUSD), and other similar Curator/borrowing platforms showing obvious lack of transparency and liquidity. At the same time, the utilization rates of various lending assets have skyrocketed to levels of 95% to 100%, which actually means: if you want to withdraw or cash out → it may become difficult. Currently, although there is no widespread panic, once panic spreads = bank run initiates → runs on the bank → a chain reaction begins. In this cycle, the entire DeFi "Lego" model has become too intricate, with various protocols cross-referencing each other; if one link fails, all links fail. AAVE's volume has reached 60 billion USD, but the core assets underneath are looping at a very high rate. A reminder to everyone: before chasing high yields and high utilization, be aware of the structural risks behind it. ⸻ 🔍 Here are a few points worth highlighting: • Stream Finance has announced a loss of about 93 million USD and has suspended deposits and withdrawals. • At the same time, investigations have found that its exposure to lending/stablecoins exceeds 284 million USD, and the risks may spread to multiple protocols. • Liquidity and structural issues with Compound, Silo, and major lending platforms. Now is not the time to only look at "high interest rates" and "high utilization"; instead, ask yourself: "If I can't withdraw / if I can't mine / if the borrower collapses, how will this entire leverage/interconnected structure fall apart?" The era of DeFi is indeed here, but the Lego is too chaotic, and the foundation is too fragile, which should alert all participants.🫡