Ethena is as profitable @ 8bln TVL as it was @ 13-15bln, while the USDe yield got back >5%. Do what you wish with this information but for me it looks like a buying opportunity. $ENA @ethena_labs BTC going to 70k range is lights out for most of the altcoins, at least for a good amount of time, but if we can wiggle out of this and have a continuation then Ethena might be one of the front runners to all time highs. Not a financial advice, just a humble opinion.
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