Ethena Labs: Liquid Leverage Attracts Over $1.5 Billion in Funds Following Last Week's Launch

BlockBeats News, August 7th, Ethena Labs officially announced on social media that since its launch last week, the Liquid Leverage product has attracted over $1.5 billion in fund inflows.

Aave has now increased the deposit limits for sUSD and USD in Ethereum Money Market: the sUSD limit has been raised to approximately $350 million, while the USD limit has been raised to approximately $300 million. It is expected that the proposal for adjusting the September USD limit will be announced within the next 36 hours.

The increase in Aave's limits allows more users to utilize Liquid Leverage – a new feature introduced by Ethena, which enables users to obtain leveraged exposure to the sUSD interest rate while maintaining better overall position liquidity by holding USD (no cooldown period restriction).