Head of Ethena Growth: 75% of USDe’s collateral has extremely strong liquidity

On April 3rd, Seraphim, the growth manager of Ethena Labs, posted on X platform that users can view the collateral composition of USDe through the official UI. Currently, USDe's collateral includes $600 million worth of USDT and $830 million worth of ETH, which accounts for 75% of the total value of USDe's collateral. Overall, 75% of USDe's collateral has strong liquidity. In extreme cases, before the redemption of the 75% collateral, the remaining LST can also be converted back to ETH.

Ethena Labs

Comments

All Comments

Recommended for you

CointimeSG ·

Solana’s Pump.Fun Moves Another $22M to Kraken—Founder Says It’s Not All Being Sold

Crypto users are wary that Pump.Fun is “dumping on them” after the token launchpad sent another 100,000 Solana to an exchange.
CointimeSG ·

Fed, US Economic Data Could Set Crypto Market Tone Short-Term: Analysts

Crypto investors await key inflation data Wednesday as Fed meeting minutes could hint at a December rate cut.
CointimeSG ·

How low can the Bitcoin price go?

Bitcoin price is down 10.5% from its new all-time highs, and several market analysts expect BTC to bottom in the $85,000 to $90,000 range.
CointimeSG ·

Did 8% Bitcoin price drop change bulls' chance of BTC hitting $100K?

Bitcoin unexpectedly fell under $92,000 on Nov. 25. Do bulls still have a chance to rally to $100,000?
CointimeSG ·

Understanding Aleo: A Comprehensive Overview

The rise of smart contract-enabled blockchains has enabled the development of unique decentralized applications and increased transparency in financial transactions. However, although transparency is beneficial for some use cases, the need for onchain privacy has also grown. This has given rise to an influx of applications and blockchains prioritizing privacy through the implementation of cryptographic primitives such as zero-knowledge proofs, ring signatures, and multi-party computation (MPC).
CointimeSG ·

Touching Distance

Following a flurry of consistent new ATHs, Bitcoin is just a stone's throw away from reaching a price of $100k per coin. Explosive price action tends to result in a significant increase in the unrealized profit of holders, and Long-Term Holders are ramping up their distribution in response.
CointimeSG ·

Decentralised Compute

On LLM Training, GPUs, Data Centres, and where Crypto fits in
U.S. consumer confidence improves again in November, reaching a two-year high

Dana M. Peterson, Chief Economist of the World Large Enterprises Federation, said, "US consumer confidence continued to improve in November, reaching the highest level in the past two years. The growth in November was mainly due to consumers' more positive assessment of the current situation, especially in the labor market. Compared with October, consumers' optimism about future employment opportunities has also greatly increased, reaching the highest level in nearly three years. At the same time, consumers' expectations for future business conditions have not changed, while their optimism about future income has slightly declined." Earlier, the US Conference Board Consumer Confidence Index for November recorded 111.7, a new high since July 2023.
CointimeSG ·

GCEX Expands Crypto Custody Solutions With New Hex Trust Service

The prime broker launched the Secured Accounts service to enhance institutional digital asset protection in the EU and UK. Both companies have been working closely together for 3 years, recently presenting staking services.
CointimeSG ·

FD Technologies Posts Wider Loss, Debt Surges 84% Before First Derivatives Sale

The company reports a challenging 6 months, with revenue down 7% to £118.2m and adjusted EBITDA falling 26% to £10.5m. FD Technologies recently announced its plan to sell its First Derivative business to EPAM Systems for £230 million.