Ethena Founder: USDe Mortgage Rates Consistently Above 101%, Proof of Escrow Assets to be Released This Week

Ethena Founder Guy Young posted on social media that USDe processed more than $50 million in redemptions overnight, the largest redemption to date, without any issues, and that the ratio of USDe collateralised assets and reserves to USDe supply has remained above 101%.

The next monthly proof of assets held in escrow was scheduled to be released at the end of the month, but will be moved up to this week in order to provide greater transparency to the community.