8h ago
Love Ethena, don't get me wrong, a large chunk of my farming portfolio involves $USDe, but don't think this was the move for those who do not wish to introduce extra counterparty risk when already exposed directly.
$HONEY was always comfy knowing that it was 1:1 backed by $USDC, one of the main stablecoins I have no issues holding, and fits my risk profile.
Making this change to the main stablecoin on Berachain was not the move, and I really hope the foundation reconsiders or at least introduces a variation that accommodates accordingly.
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