If Ethena did indeed make it through yesterday without a scratch (and it appears they did), they've earned a spot as one of the best risk-adjusted protocols in defi
As someone who was once very skeptical of Ethena, I've become a believer after watching the team execute at a high level, both in terms of partnerships & new initiatives, as well as consistent upgrades which de-risk the protocol as a whole
My two biggest concerns were always:
1) reliance on funding rates being positive. USDtb has essentially solved this.
2) their ability to unwind positions in a crisis and handle massive redemptions at scale. Yesterday's stress test showed that they are ready for prime time.
Bullish
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👥 Invite friends to get double chance
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@theunipcs We have been trying to get your attention about $Rudi several times!!
@phantom recognized our work
@elonmusk liked our raid
@cb_doge liked our raid
Floor has been holding constantly with no kols on board and no insider!!
You can not fade forever!!
Rudi is a revolution!!!