USDe Backing Diversification: Building Resilience Across Market Cycles

Ethena is diversifying USDe's backing composition, reducing perpetual futures positions from majority to just 11% and expanding into:

> Overcollateralised institutional lending
> High quality liquid RWAs beyond TBills
> Equity & commodity basis exposure
> Prime lending

Source: https://ethena.fi/blog/usde-backi...
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