CoinsAQ summary · neutral
More than half of Ethena’s USDe backing is allocated to lending
What happened
LlamaRisk’s October 12 snapshot places 51.2% of backing in lending categories. Pool liquidity, loan recall terms and redemption eligibility shape holders’ exits. Ethena’s USDe, a synthetic dollar targeting $1, has 51.2% of its backing allocated to DeFi and institutional.
Related asset context
Not financial advice. News and sentiment can be incomplete, delayed, or change quickly.
Continue researching
Related stories
FBI confirms North Korea's role in $6 billion Binance hack, asks DeFi community to block BTC, ETH, SOL addresses
FBI confirms North Korea's role in $6 billion Binance hack, asks DeFi community to block BTC, ETH, SOL addresses While the FBI listed hundreds of addresses in its notice, Chainalysis said the Binance attackers have already used "thousands addresses," and expects this.
US Sanctions Two Russians Over North Korean IT Workers’ Crypto Cash-Outs
The US action targets the cash-out stage of a scheme that the UN estimates generates $250 million to $600 million annually for North Korea.
