IntoTheBlock Risk Radar
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  • Aave v3
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    • Whales Supply History
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    • Whales Supply Concentration
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    • Recursive Lending Health Factor Distribution
    • Recursive Lending Supply Share
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    • Collateral Distribution Behind Borrows
    • Liquidation Profitability Simulation
    • Available Liquidity
    • Total Supply
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  • Aave GHO
    • Health Factor Distribution
    • High Risk Loans (USD)
    • GHO Collateralization Ratio
    • GHO Supply Flowchart
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    • Liquidations Leaderboard
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    • Collateral Distribution Behind Borrows
    • Whales Credit History
    • Average Discount Of AAVE Stakers
    • GHO Peg Performance
    • Dex Liquidity
    • DEX Pool Asset Distribution
    • DEX Exit Fee Simulation
    • DEX Pool Concentration
    • Facilitator GHO Supply Flowchart - Aave V3 Ethereum Pool
    • Facilitator GHO Supply Flowchart - FlashMinter Facilitator
  • Compound v2
    • Health Factor Distribution
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    • Liquidators Leaderboard
    • Liquidations Volume
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    • Unique Liquidator Addresses
    • Collateral Seized
    • Blocks Elapsed to Complete Liquidations
    • Net Liquidity Flows
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    • Whales Supply History
    • Whales Credit History
    • Whales Supply Concentration
    • Whale Borrows Concentration
    • Recursive Lending Health Factor Distribution
    • Recursive Lending Supply Share
    • Recursive Borrows Share
    • Collateral Distribution Behind Borrows
    • Liquidation Profitability Simulation
    • Available Liquidity
    • Total Supply
    • Total Debt
  • Spark
    • Health Factor Distribution
    • High Risk Loans
    • Liquidation History
    • Liquidators Leaderboard
    • Liquidations Volume
    • Open Liquidations
    • Unique Liquidator Addresses
    • Collateral Seized
    • Blocks Elapsed to Complete Liquidations
    • Net Liquidity Flows
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    • Whales Supply History
    • Whales Credit History
    • Whale Supply Concentration
    • Whale Borrow Concentration
    • Whale Exit Simulation
    • Collateral Distribution Behind Borrows
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  • Curve
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  • Ether.fi
    • Total Supply
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    • weETH Historical Slippage
    • Pendle Pool Distribution
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  • Ethena
    • USDe Peg Monitor
    • sUSDe Price Performance
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    • Volatility Distribution
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    • USDe - Market Depth
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    • USDe Arbitrageur Leaderboard
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    • Reserve Fund Value
    • Reserve Decay Simulation
  • BENQI
    • Health Factor Distribution
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    • Liquidation History
    • Liquidators Leaderboard
    • Liquidations Volume
    • Open Liquidations
    • Liquidation Profitability Simulation
    • Collateral Seized
    • Blocks Elapsed to Complete Liquidations
    • Unique Liquidator Addresses
    • Recursive Lending Health Factor Distribution
    • Recursive Lending Supply Share
    • Recursive Borrows Share
    • Net Liquidity Flows
    • Net Loans Flows
    • Whales Supply History
    • Whales Credit History
    • Whales Supply Concentration
    • Whale Borrows Concentration
    • Collateral Distribution Behind Borrows
  • Moonwell
    • High Risk Loans
    • Net Liquidity Flows
    • Liquidation History
    • Liquidators Leaderboard
    • Blocks Elapsed to Complete Liquidations
    • Whales Supply Concentration
    • Whales Credit History
    • Collateral Seized
    • Health Factor Distribution
    • Open Liquidations
  • Euler
    • Health Factor Distribution
    • High Risk Loans
    • Liquidation History
    • Liquidators Leaderboard
    • Liquidations Volume
    • Open Liquidations
    • Unique Liquidator Addresses
    • Collateral Seized
    • Blocks Elapsed to Complete Liquidations
    • Net Liquidity Flows
    • Net Loans Flows
    • Whales Supply History
    • Whales Credit History
    • Whales Supply Concentration
    • Whale Borrows Concentration
    • Recursive Lending Health Factor Distribution
    • Recursive Lending Supply Share
    • Recursive Borrows Share
    • Collateral Distribution Behind Borrows
  • Tashi
    • Health Factor Distribution
    • High Risk Loans
    • Liquidation History
    • Liquidators Leaderboard
    • Liquidations Volume
    • Open Liquidations
    • Unique Liquidator Addresses
    • Collateral Seized
    • Blocks Elapsed to Complete Liquidations
    • Net Liquidity Flows
    • Net Loans Flows
    • Whales Supply History
    • Whales Credit History
    • Whales Supply Concentration
    • Whale Borrows Concentration
    • Recursive Lending Health Factor Distribution
    • Recursive Lending Supply Share
    • Recursive Borrows Share
    • Liquidation Profitability Simulation
    • Collateral Distribution Behind Borrows
    • DEX Liquidity
    • TASHI Incentives Vesting Time
  • Axelar Interchain Tokens
    • Number of Token Deployments
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    • Tokens Leaderboard
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    • Interchain Token Transaction Volume
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  • Prisma
    • mkUSD Collateralization Ratio
    • Collateral Distribution
    • DEX Pool Asset Distribution
    • Historical Slippage
    • DEX Pool Concentration
    • mkUSD Peg Monitor
    • Liquidation History
    • DEX Exit Fee Simulation
    • Health Factor Distribution
    • High Risk Loans (USD)
    • Whales Position Monitor
    • Whales Credit History
  • Stakewise v3
    • osETH Total Supply Flows
    • osETH Supply Distribution
    • osETH Vault Distribution
    • osETH Staking Age Distribution
    • Allocator Age Distribution
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    • Unique Liquidator Addresses
    • Liquidations Volume
    • osETH Peg Performance
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  • Zerolend
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    • Unique Liquidator Addresses
    • Collateral Seized
    • Blocks Elapsed to Complete Liquidations
    • Net Liquidity Flows
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    • Whales Credit History
    • Whales Supply Concentration
    • Whale Borrows Concentration
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  • Mendi Finance
    • Health Factor Distribution
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    • Liquidations Volume
    • Open Liquidations
    • Unique Liquidator Addresses
    • Collateral Seized
    • Blocks Elapsed to Complete Liquidations
    • Net Liquidity Flows
    • Net Loans Flows
    • Whales Supply History
    • Whales Credit History
    • Whales Supply Concentration
    • Whale Borrows Concentration
    • Recursive Lending Health Factor Distribution
    • Recursive Lending Supply Share
    • Recursive Borrows Share
    • Whale Exit Simulation
    • Collateral Distribution Behind Borrows
    • Available Liquidity
    • Total Supply
    • Total Debt
  • Reserve
    • Total Supply Flows
    • R Tokens Aggregate Market Cap
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    • Collateral Peg Performance
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    • DEX LP Simulation
    • DEX Pool Concentration
    • R Token Market Depth
    • R Token Volume Z-Score
    • RSR Staking Flows
    • RSR Slashing
    • Unstaking Queue
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    • RSR Slashing Ratio
    • Blocks for System Auction Settlement
    • Blocks for Revenue Auction Settlement
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  1. Ethena

Reserve Fund Value

Last updated 1 year ago

Overview

Ethena's reserve fund holds a variety of stablecoin coin assets. The value of assets represents the total current market value of all these holdings. This indicator is dynamically updated to reflect asset values based on market prices.

How can I use it?

The total value of the reserve fund is a key indicator of Ethena’s financial health. A robust fund value suggests a strong financial position, capable of meeting its obligations in case of positive funding rate. Monitoring the fund’s value helps in assessing user exposure to market volatility and potential risks. Fluctuations in value might prompt a reassessment of the Ethena protocol risk profile.

The reserve fund serves as an additional layer of safety for USDe, providing capital to cover periods of negative funding and acting as a last-resort buyer for USDe in the open markets. Given that the solvency of USDe is both transparent and verifiable, if the market price of USDe significantly deviates from its provable asset value, the reserve fund may intervene as a purchaser of USDe in the open market.