Ethena Adjusts sUSDe Unstaking Mechanism, Cooldown Period Changed to Dynamic Mode with Minimum 1 Day

ENA-0,27%

Gate News: On March 12, Ethena announced on March 13 that it is adjusting the sUSDe unstaking mechanism. The new mechanism changes the cooling period from a fixed 7 days since the project launch to a dynamic model, linked to the amount of liquid stablecoins in the USDe reserve. Based on current reserve conditions, the sUSDe unstaking cycle has been shortened to 1 day. In the future, the cooling period will be dynamically adjusted between 1 and 7 days based on the composition of liquid assets in the USDe reserve.

View Original
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to Disclaimer.
Comment
0/400
No comments