USDe reserves are evolving: reducing concentration and building resilience across market cycles with a diversified collateral base.
Four additions to the collateral backing are detailed below for consideration by the risk committee, each a natural extension of existing Ethena allocations:
→ Overcollateralised institutional lending
→ High quality liquid RWAs beyond TBills
→ Equity & commodity basis exposure
→ Prime lending
Read more below on proposed updates: