Market question: Ethena crash in 2024?
Category: Crypto
Tags: ethena, depeg, Stablecoins, crash, Crypto, cryptocurrency, All

This market will resolve to “Yes” Ethena USDe is below 90 cents for a period of 12 hours or more in 2024. Otherwise this market will resolve to "No."

CoinGecko 30 minute candles for Ethena USDe will be used, for candles between April 1 and December 31, 2024 in the ET timezone. For this market to resolve to "Yes" all candles in the 12 hour period must have a final “High” price below 0.90000 (i.e. 0.89999 or lower). A 12h period of USDe below 90 cents that starts on the last day will count (e.g. December 31, 2024, 22:00 ET to January 1, 2024, 10:00 ET).

The resolution source for this market is https://www.coingecko.com/, specifically the “High” prices currently available at https://www.coingecko.com/en/coins/ethena-usde with “30m” and “Candles” selected on the top bar. To see the “High” prices, mouse over particular candles and look at the value after “H” on the displayed chart.

Please note that this market is about the price according to CoinGecko USDe. If CoinGecko stops having the necessary USDe information to resolve this market, a consensus of credible sources for whether USDe was below 90 cents for 12h+ may be used to resolve this market.

Outcome: No