CryptoSlate(@CryptoSlate):In Ethena Pay's Earn+, a hypothetical 2% USDe discount would cut initial equity by 22% at the roughly 11x target, before costs. The disclosed USDe oracle follows USDT, so a USDe-only drop may not lower reported collateral health. Analysis by @akibablade

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CryptoSlate@CryptoSlate

2026.10.28 22:16

In Ethena Pay's Earn+, a hypothetical 2% USDe discount would cut initial equity by 22% at the roughly 11x target, before costs. The disclosed USDe oracle follows USDT, so a USDe-only drop may not lower reported collateral health. Analysis by @akibablade