Stablecoin Protocol Ethena Reports Negative Revenue For The First Time

According to PANews, Ethena, a stablecoin protocol, has reported negative revenue for the first time this week. The data, provided by DefiLlama, shows that Ethena's income was negative 1.05 million dollars. The majority of this negative income was generated on April 11th, when the revenue was negative 1.38 million dollars. This is the first time such an occurrence has been reported for Ethena. Further details about the reasons behind this negative revenue are yet to be disclosed.