According to DeFiLlama, Ethena's TVL has dropped from $14.305 billion since the "1011" event to $6.551 billion, a decline of over 50%. Ethena's TVL consists primarily of USDe. Per Entropy Advisors dashboard, USDe has seen over $8 billion in net redemptions since October, including a record-high $5+ billion net outflow in October alone. http:/dune.com/entropy_advisor...

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