Check out the full dashboard on USDe risk here 👇
blockworks.com/analytics/ethe…
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Blockworks Advisory
329 posts
Blockworks Advisory
@BlockworksAdv
Blockworks Advisory leverages the curated and tested expertise developed at Blockworks Research to accelerate our protocol clients' path to success.
Katılım Kasım 2024
9 Takip Edilen1.3K Takipçiler
No more guessing how long it takes to unstake your sUSDe!
We built a dynamic cooldown framework for @ethena. Our models run in the background tracking everything that determines your wait time, so you always know where things stand:
→ Tier 1/2/3 liquidity levels
→ Coverage ratio vs safety status
→ Recommended cooldown in days
→ Redemption queue pressure
→ Stress endurance (how much buffer remains before cooldowns extend)
Right now it's 1 day. Dashboard tells you the moment that changes.
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4/ Key takeaway
The LTV grid gives consistent tail-coverage across major assets. However, is requires active risk steering on SOL LTVs and HYPE liquidity.
Read the full analysis here: docs.google.com/document/d/1V7…
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3/ The liquidity backdrop is very uneven (complementary to our risk analysis for SAEP-07 ):
• BTC / ETH trade in low–mid single-digit billions per day across all majors.
• XRP / SOL sit in the hundreds of millions, still spread over several venues.
• HYPE is an order of magnitude smaller and concentrated in one venue, making forced exits much more sensitive to venue risk and impact.
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What happens when a DeFi lending protocol starts taking offchain collateral?
Take a look into our risk review for @sparkdotfi SAEP-08 Offchain Collateralized Lending. 🧵
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Blockworks Advisory retweetledi
Excited to share our work on @ethena sUSDe dynamic cooldown framework.
After analyzing almost 800 days of redemption data, we developed a risk model that allows sUSDe to support 1-day cooldowns when liquidity is abundant while maintaining the same safety standards.
Faster redemptions. Same risk profile. Better UX.
Ethena@ethena
Important update for USDe: The sUSDe unstaking cooldown period will transition to a dynamic model, tied to the amount of liquid stablecoins in the backing of USDe. This means that the current sUSDe unstaking period will shift to just 1 day from the static 7 day period previously in place since inception. Cooldown periods will vary between 1-7d periods going forward based on the composition of USDe backing in more liquid assets. Details outlined in the link below.
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We’re excited to be working with HyperLend as it continues to grow lending adoption in the HyperEVM ecosystem. 🧵
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Blockworks Advisory retweetledi
Blockworks Advisory has been setting the standard for professional DeFi research since 2022, documenting multiple cycles and providing analysis of the highest quality.
We look forward to continuing to utilise their expertise as HyperLend scales as Hyperliquid’s premier credit layer.
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Our goal is to help HyperLend build one of the best economic systems in onchain lending by aligning users, liquidity, and long-term protocol growth.
There’s a lot in the works!
For now, we’re excited to keep building with the HyperLend team at the frontier of DeFi.
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We are also working on the token design and tokenomics.
Following the recent launch of HPL, the focus turns toward strengthening the token’s role across the protocol and ecosystem.
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