Ethena Labs Re-poster

We are pleased to confirm that caps have been raised for two Ethena PTs on @aave.

The February sUSDe PT cap on the Core instance has been raised by $240 million, reaching a total cap of $720m. Additionally, the April sUSDe PT cap on the @Plasma instance has been raised by $400 million, bringing the total cap to $1.2bn.

Great news for the community: the latest Ethena PTs are now listed on the @aave instance on @Plasma!

The April USDe PT has been added with a $40 million cap, while the April sUSDe PT features a $100 million cap.

As demand scales, these caps will be quickly raised by hundreds of millions in PT capacity over the coming days.

Ethena has chosen @krakenfx to serve as its partner for the custody of assets that back USDe.

With this decision, Kraken Custody becomes part of a distinguished group that includes Copper, Ceffu, and Anchorage Digital Bank.

We are thrilled to share that @Anchorage has joined the ranks of custodians supporting the asset backing of USDe.

Anchorage Digital Bank stands as the first crypto-native bank in the United States to receive federal chartering, operating under rigorous regulatory guidelines.