Here’s the neat part: More than 40% of the sUSDS distribution goes to Ethena, since they are ~8x the next largest holder. That’s equivalent to more than half the cash Ethena paid out over this period. So it’s actually hard to make an apples-to-apples comparison here!
$sUSDS is delivering impressive value distribution to holders this week. Fascinating to watch the strategic competition between @SkyEcosystem and @ethena_labs over the past month and analyze their treasury during this period. Would the community benefit from this comparative data? @stablewatchHQ
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