USDe Price Deviation By Protocol/Pool

Overview

This indicator tracks fluctuations in the price of USDe relative to its peg across various decentralized finance (DeFi) protocols and liquidity pools. It analyzes how the price of USDe deviates from its target value and aggregates this data by each pool or protocol. The analysis can be conducted over various time periods, such as daily or weekly providing insights into both short-term fluctuations and longer-term trends.

How can I use it?

This indicator is critical for monitoring the stability of USDe in maintaining its peg. Stability is a key attribute for any stablecoin, and deviations might suggest problems within specific pools or the broader market environment. Investors and liquidity providers can use this information to assess the risk associated with the asset.