Ethena is now available on IntoTheBlock’s DeFi Risk Radar.
The DeFi space is complex, with billions in value at stake throughout the ecosystem. With the DeFi Risk Radar, we aim to shed some light on a frequently neglected area of risk, economic risk. With this latest integration, our risk analytics are now available for Ethena and it’s synthetic dollar, USDe.
What is Ethena?
Ethena is a pioneering DeFi protocol with an innovative approach to stablecoins. Through Ethena, users can generate USDe, a synthetic dollar. This process involves a sophisticated delta-neutral strategy, balancing cryptocurrencies and cryptocurrency derivatives to maintain the stability and integrity of USDe.
Greater Transparency into Economic Risk
The Risk Radar offers an advanced set of risk management indicators for DeFi protocols. The addition of Ethena to the Risk Radar platform shows the focus of Ethena to provide greater transparency into economic risks to its users.
The solution contains 16 risk indicators divided into the following main categories:
- USDe Markets
- stETH Markets
- USDe Arbitrage
- Reserve Fund
These metrics give insight into key risk factors, such as DEX liquidity, USDe volatility and pool concentration.
You can find all the risk indicators for Ethena here — https://defirisk.intotheblock.com/metrics/ethereum/Ethena
Do you want to have a more detailed look at Ethena and how to evaluate risk? Read our in-depth article here.
About IntoTheBlock
IntoTheBlock provides advanced analytics, DeFi services and risk management tools for the cryptocurrency industry. We leverage cutting-edge technology to deliver insights that help both retail and institutional investors navigate the complex landscape of digital assets. Our commitment to innovation ensures that our partners and users are always at the forefront of the latest developments in the industry.
