Yesterday, I quickly recorded a podcast with @mindaoyang, reflecting on our observations and reflections on yesterday morning's epic flash crash and margin call. USDE's performance and the issues it caused were naturally a key topic: - We can confirm that Ethena's overall mechanisms are functioning normally; - However, the price of USDE on Binance plummeted due to liquidity issues, triggering a series of events centered around USDE.
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G | Ethena
@gdog97_
10-12
While we share these suggestions privately with any partner we work with across both DeFi and CeFi, want to surface this publicly so there is zero doubt going forward on what we view as appropriate oracle design and risk management for USDe:

Sector:
From Twitter
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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