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Ethena sUSDe yield has decreased, and the supply has significantly reduced.
Gate.io News bot message, according to @tomwanhh's data panel, the APY of Ethena sUSDe and Sky sUSDs has dropped to 4.7% and 4.48% respectively, approaching the yield level of the US Treasury T-Bill at 4.24%.
Data shows that after entering April, the staking rate of Ethena USDe dropped below 45%. At the same time, the supply of sUSDe decreased from a high of 4.5 billion USD at the end of December 2023 to the current 2.11 billion USD.
Source: Wu Shuo