Interesting to see @ethena_labs down from a $67M surplus to a $66M surplus overnight. They had hundreds of millions of idle liquid stables available on CEX's to buy the short-lived $USDe depeg (as low as $0.65), or close short-perps under markprice, to lock-in profits. This honestly is not the superior execution I'd expect of Ethena. These are scenario's where Ethena should thrive.