On April 3rd, Seraphim, the growth manager of Ethena Labs, posted on X platform that users can view the collateral composition of USDe through the official UI. Currently, USDe's collateral includes $600 million worth of USDT and $830 million worth of ETH, which accounts for 75% of the total value of USDe's collateral. Overall, 75% of USDe's collateral has strong liquidity. In extreme cases, before the redemption of the 75% collateral, the remaining LST can also be converted back to ETH.
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Head of Ethena Growth: 75% of USDe’s collateral has extremely strong liquidity
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