Odaily Planet Daily News: According to DefiLlama's data, the stablecoin USDe issued by Ethena Labs has attracted about $1 billion in new funding in the past month, and its market value has rebounded to $3.46 billion, only 5% lower than the historical high of $3.6 billion set in July. The perpetual contract funding rate in the cryptocurrency market became negative in August and September, making Ethena's strategy unfavorable to investors as its yield is lower than the risk-free rate of the US dollar. Investors withdrew $1.2 billion from the agreement between July and October. Analysis indicates that the reason for the rebound in USDe supply can be attributed to the recent surge in contract market funding rates. According to Ethena's official website data, the average APY of sUSDe (pledged USDe) has risen to 29%. More catalysts may drive its further growth in the future. For example, the decentralized lending protocol Aave has added pledged USDe tokens to its available collateral assets, allowing users to borrow with the tokens as collateral while earning profits. (CoinDesk)