ME News reports that on June 5 (UTC+8), Ethena announced its plan to include AAA-rated collateralized loan obligations (CLOs) as reserve assets for USDe. LlamaRisk, a member of the Risk Committee, has completed an independent due diligence review and approved the tokenized AAA CLO fund issued by Janus Henderson via Centrifuge as an eligible reserve asset, with a single position limit of approximately $310 million. The final decision will become effective after being published on the Ethena governance forum. Asset classes such as private credit and long-duration fixed income, which lack sufficient liquidity or pricing transparency, are explicitly excluded. (Source: Foresight News)
Ethena to Add AAA-Rated CLOs to USDe Reserve Assets
KuCoinFlashShare
Summary
On June 5 (UTC+8), Ethena announced plans to add AAA-rated CLOs to USDe reserves, citing MetaEra. LlamaRisk has approved the tokenized CLO fund from Janus Henderson via Centrifuge, with a $310 million cap per position. The risk-to-reward ratio of this move is currently under active evaluation by the community. The governance forum will publish its review prior to implementation. Assets lacking liquidity or pricing transparency, such as private credit, are excluded. On-chain trading signals will reflect changes to the reserves.
Source:Show original
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information.
Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.