Do you remember when ENA just launched in 2024? The USDe delta-neutral strategy emerged suddenly, focusing on high returns, decentralization, and not relying on traditional banking systems. Not long after launch, the supply of USDe rapidly increased, and the annualized yield of sUSDe once made me very tempted, with the project's TVL also rising steadily. During that period, ENA's token price was also quite strong, and I even heard people saying that USDe would become the next generation of stable assets.