Ethena TVL has reached 285 million US dollars, and the USDe Curve pool has temporarily reached the deposit limit

The current TVL of the Ethena protocol has reached $285 million with 4,455 participating users, according to information on the official website of USDe developer Ethena Labs.

In addition, the USDe Curve pool participating in the "Shard Campaign" event has temporarily reached the deposit limit. According to a previous official announcement, the project will continue to increase the limit value in the future.

It is reported that USDe is an Ethereum-based stablecoin secured by derivatives, which achieves price stability by conducting "delta-neutral" hedging in centralized and decentralized venues. To create USDe, Ethena allows users to use USD, ETH, or liquidity collateral tokens as collateral.