USDe economic model and potential risk analysis
Ethena, USDe economic model and potential risk analysis Golden Finance, fully collateralized semi-centralized stablecoin
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Ethena, USDe economic model and potential risk analysis Golden Finance, fully collateralized semi-centralized stablecoin
If we believe that [decentralization] requires satisfying both [permission-free issuance] and [de-custody] conditions, then USDe does not meet the requirements, so it is appropriate to classify it as a [fully collateralized semi-centralized stablecoin].
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