According to Wu Blockchain, the DeFi organization YAM posted that, based on their calculations, out of the $4.4 billion in underlying assets backing the stablecoin USDe, as much as $1.33 billion involves 'self-lending' (Lending against itself). YAM explained that their calculation formula is: 'Estimated self-lending scale = Total borrowing amount using USDe/sUSDe as collateral × Ethena's liquidity share in that market.' Using this proportional allocation method, the total borrowing amount backed by Ethena-related assets is currently estimated at $1.67 billion, of which approximately $1.33 billion is attributed to Ethena's self-lending, while the remaining $336 million comes from other lenders. https://www.(wublock123.com)/news/news-61422