BNB$715.75-0.19%BRENT$105.47-2.00%BTC$77,363+0.12%COPPER$6.49+0.34%DJI$52,064-0.60%DOGE$0.0840-0.07%DXY99.04-0.01%ETH$2,469+0.05%GOLD$4,351+0.78%NDX$29,104-1.08%SILVER$63.99+0.70%SOL$99.9+0.08%SPX$7,592-0.58%US10Y4.94+2.21%VIX17.84+8.38%BNB$715.75-0.19%BRENT$105.47-2.00%BTC$77,363+0.12%COPPER$6.49+0.34%DJI$52,064-0.60%DOGE$0.0840-0.07%DXY99.04-0.01%ETH$2,469+0.05%GOLD$4,351+0.78%NDX$29,104-1.08%SILVER$63.99+0.70%SOL$99.9+0.08%SPX$7,592-0.58%US10Y4.94+2.21%VIX17.84+8.38%
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Aave Borrow Rates Rise, Impacting Ethena's USDe Yields

Key takeaways

  • Increasing Aave borrow rates could turn Ethena's USDe yield loops into negative carry, affecting $323.8 million in debt. Market implications are significant.

Analysis

Increasing Aave borrow rates could turn Ethena's USDe yield loops into negative carry, affecting $323.8 million in debt. Market implications are significant.

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