Ethena Founder: Measures Have Been Taken to Prevent Potential Risks of USDe as Collateral in Derivative Trading

According to ChainCatcher news, as reported by DL News, Ethena has launched a new feature that allows traders to use their USDe as collateral when trading derivatives. It also pointed out that allowing traders to use partially derivative-backed assets for more derivative bets poses potential risks. Conor Ryder, the research director of Ethena Labs, explained: "We have taken this risk into account, which is why Ethena operates on more than five different platforms."

Guy Young, the founder of Ethena Labs, stated that the company and its partners have taken adequate precautions. Among the five trading platforms collaborating with Ethena, the company will diversify short bets supported by USDe, with 48% on Binance, 23% on ByBit, 20% on OKX, 5% on Deribit, and 1% on Bitget.

Through this initiative, Ethena aims to minimize the impact of unforeseen events on any one exchange. The same theory applies to spreading risk across different supporting assets: 50% of USDe is backed by Bitcoin, 30% by Ethereum, 11% by Ethereum liquid staking tokens, and 8% by USDT.