The pt-usde deposits that I wanted to grab before have still not been fully deposited after two days. Many people are not moving their positions for September. I calculated that the ena distribution rewards for yt-usde over the next year will be about 7.5%. The current borrowing cost is around 7%, so the returns for loop users next year will be too low. (Algorithm attached at the end) There’s nothing we can do; ethena's TVL has surged to 15 billion, and there are too many people for too little porridge. Fortunately, this deposit is relatively easy to exit. You can deposit first and wait for the plan to be announced. If the s5 rewards have a distribution of over 3.5%, there will still be some benefits. If not, compared to other competitors and the expected rewards from various new perps, it might not be enough. Here’s my rough calculation of the s5 rewards (calculated annually): Points currently grow by 0.6t daily, totaling 0.6*360=216t for the next year. Considering some funds...
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