Ethena Trading Team Granted Power to Approve USDe Collateral Borrowers Under New Rules
Key Highlights: Ethena has transitioned counterpart screening to its trading team under a bilateral institutional-lending framework featuring full recourse and segregated tri-party custody. Permitted collateral covers major crypto assets such as BTC and ETH while strictly excluding $USDe, sUSDe, ENA, USDtb, and borrowers’ own proprietary tokens. Public documentation omits numerical caps on aggregate lending exposure ...