$ENA

Risks and the Future

Despite the success, the USDe is not without risks. Its stability depends on the successful execution of the delta-hedging strategy. Extreme fluctuations in funding rates or "black swan" events in the derivatives market can pose a risk to the parity of the USDe. However, the protocol has shown resilience, and its ability to scale and maintain stability in different market scenarios has been one of its greatest assets in 2025.