@yieldsandmore is a fake account and is not affiliated with us.·Our official X account is @yamdefi
Ethena (@ethena) has updated its transparency page, providing exact visibility into where assets are deployed and making all onchain wallets public.
As of now, $2.8B of $4.4B, around 64%, is visible onchain. The remainder sits in custodial solutions where user assets are commingled and cannot be easily identified.
0x98b...7ac8 just lost $50m in an attempt to buy AAVE using USDT through CoWSwap.
Earlier today, ~392k USDC from SiloFinance's managed soUSDC vault on Arbitrum was forcibly allocated into the wstUSR/USDC market, leaving bad debt.
By our calculations, $1.33B out of $4.4B of USDe's backing is lending against itself.
