RWA Rising borrow rates on Aave are threatening to turn Ethena’s USDe yield loops into negative carry. This could undermine the profitability of leveraged strategies that rely on borrowing to amplify USDe yields.
Rising borrow rates on Aave are threatening to turn Ethena’s USDe yield loops into negative carry. This could undermine the profitability of leveraged strategies that rely on borrowing to amplify USDe yields.