📊 Ethena's APY and Funding are releasing typical bull market signals:

The current annualized yield of Ethena's sUSDe has risen to 8.35%, with an annualized Funding Rate of 7.06%, which is almost a direct reflection of the market's bullish sentiment:

1️⃣ The market is highly leveraged and bullish, pushing the APY to high levels due to Funding;

2️⃣ Ethena's sUSDe is gradually becoming a representative of easy-earning stablecoins;

3️⃣ But be cautious—while the current heat is just starting in the long term, in the short term, Funding has slightly retreated, and sentiment is cooling, indicating a potential pullback;

📌 Currently in the typical mid-stage of a bull market: it's the easiest time to make money, but also the easiest time to become complacent.

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