my two cents as someone who knows how USDe works:the peg was maintained at all times on 10/10 even though 8 BILLION USD was redeemed thereafter they passed a major stress test. it’s actually really bullish on ENA the issue was using a market driven oracle on which liquidated users. it did not reflect the fact that USDe is perfectly collateralised notice how huge loops of the same kind on aave did not get liquidated
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my two cents as someone who knows how USDe works:the peg was maintained at all times on 10/10 even though 8 BILLION USD was redeemed thereafter they passed a major stress test. it’s actually really bullish on ENA the issue was using a market driven oracle on which liquidated users. it did not reflect the fact that USDe is perfectly collateralised notice how huge loops of the same kind on aave did not get liquidated