DeFi1 source
Ethena’s trading team can approve borrowers of assets backing USDe under new rules
Headline from CryptoSlate
Key points
- Ethena has introduced a new framework that allows its internal trading team to directly approve borrowers for assets backing the USDe stablecoin.
- Approved on October 29, the updated rules maintain committee oversight despite eliminating a specific numerical lending ceiling.
- However, the first application of this new approval process currently remains unverified within the protocol.
Summarized automatically by Kryptokite from reporting by CryptoSlate. Read the original sources for full detail.
Coins mentioned
Sources
- CryptoSlateEthena’s trading team can approve borrowers of assets backing USDe under new rules · 2 hours agoRead on CryptoSlate
Story timeline
- The Defiant1 min read
Ethena Explained: USDe, sUSDe, Rewards and Exit Routes
Share
Kryptokite links to the original reporting and never republishes full articles. Summaries are written automatically and may contain mistakes; nothing here is financial advice.