“Negative Transition of Funding Rate Following Two Consecutive Days of Liquidation, Is Stablecoin Protocol Ethena Facing Its First Negative Revenue?”

"Negative Transition of Funding Rate Following Two Consecutive Days of Liquidation, Is Stablecoin Protocol Ethena Facing Its First Negative Revenue?"

"Negative Transition of Funding Rate Following Two Consecutive Days of Liquidation, Is Stablecoin Protocol Ethena Facing Its First Negative Revenue?"

However, the data seems to be inaccurate and does not accurately reflect Ethena’s income situation. In an interview with Wu Shuo Blockchain, the official of Ethena stated that the income paid to sUSDe this week was 1.4 million US dollars, and the additional income for Ethena this week was about 3 million US dollars. These incomes are usually transferred to the insurance fund wallet (0x2b…d4d5) at the end of each week. However, this week, the transfer to the contract was delayed, resulting in discrepancies in the calculation of relevant data websites. The Ethena team is currently communicating with data websites such as DeFiLlama to correct this discrepancy.