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CoinsAQ summary · neutral

Aave’s proposed interest rate hike threatens to crush Ethena’s most popular yield loop

What happened

The proposed curve change adds 13 to 89 basis points across a $323.8 million debt snapshot for USDe positions. LlamaRisk has proposed increasing borrowing costs for Ethena’s USDe across five Aave V3 markets, tightening the economics for positions that borrow the stablecoin and.

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