More than half of Ethena’s USDe backing is allocated to lending

Your call?🐂 Bullish🐻 Bearish

50%

USDe backing lending

$USDE

$4.76B mcap

$ENA

$0.2115

-7.0%

LlamaRisk’s October 12 snapshot makes available pool assets, institutional recall terms and conditional redemption access central to holders’ exits.