Ethena Labs: Liquid Leverage Attracts Over $1.5 Billion in Funds Following Last Week's Launch

On August 7th, Ethena Labs made an official announcement on social media. Since its launch last week, the Liquid Leverage product has attracted more than $1.5 billion in fund inflows. Now, Aave has increased the deposit limits for sUSD and USD in the Ethereum Money Market. The sUSD limit has been raised to about $350 million, and the USD limit has been raised to about $300 million. It is expected that the proposal for adjusting the September USD limit will be announced within the next 36 hours. The increase in Aave's limits enables more users to utilize Liquid Leverage, a new feature introduced by Ethena. This allows users to obtain leveraged exposure to the sUSD interest rate while maintaining better overall position liquidity by holding USD (with no cooldown period restriction).