Neo (0x-neo)
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Solana has been experiencing congestion issues for a while now, and there are a few main reasons behind it: Increased Popularity and Network Activity Spam Transactions and Bots QUIC Implementation Bug
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QUIC Implementation Bug: This is a technical hurdle that needs to be addressed for smoother network operations. The bug is being actively worked on by developers, with a fix expected by mid-April 2024 (as of today, April 10, 2024).
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This summary explains the process of minting USDe on the Ethena platform. 1) User deposits collateral: stETH or ETH 2) Collateral management 3) Secure custody: to a secure "off-exchange" account 4) Hedging: delta hedges holding stETH and shorting ETH futures 5) Minting USDe
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USDe is the fastest growing USD denominated asset in the history of crypto #ethena #ena
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