🔴 After the Aavethena success, a new contender enters the @ethena lending loop. @JupiterExchange just announced the launch of the Ethena market curated by @Bitwise. The strategy uses $USDe as collateral that loops into $USDG to provide an increased yield for the loopers. Users can use up to 12.3x leverage with a potential final APY of 43.8% with a 91.87% LTV. This is an isolated market that does not affect the rest of the Jupiter Lend product. $USDe supply is sitting near its cycle low at $3.97B, down from $14.8B at peak. But top-tier protocols on both EVM and Solana keep choosing it as the premier loop asset. Aavethena, now Jupiter. Each new integration is a reason for that supply to climb again. With new strategies expanding USDe's utility and the broader market recovering, we expect $USDe's supply to rise again and provide a more interesting yield to holders and loopers.