was thinking on supply dynamics for ethereum:0x57e114b691db790c35207b2e685d4a43181e6061 - 20% owned by $USDE - 30% is team allocation, I assume very little selling for them - 2-3% I think is owned by Janus Henderson (may be more, it's just conservative number) - 5% some long term investors that won't sell Real circulating float, after all unlocks should be 45-50% of total, that's real supply. On top of that: - a lot of TradFi is interested in Ethena - $USDE may do additional buys of ethereum:0x57e114b691db790c35207b2e685d4a43181e6061 in future - StablecoinX was one of the biggest DATs and overall ability to raise 500mln at that time says a lot about Ethena team and their connections - one of the best teams in crypto execution wise