On October 10, Ethena unveiled the four assets selected by its risk committee for allocation to the reserve fund containing real world assets (RWAs).
The company considered 25 proposals, selecting the assets based on factors such as product maturity, liquidity and redemption timing.
Selected assets include the BlackRock USD Institutional Digital Liquidity Fund (BUIDL), Sky’s USDS stablecoin (Maker), Superstate’s Short Duration US Government Securities Fund (USTB) and Mountain Protocol’s USDM stablecoin.
Together, these assets contribute to a reserve fund that currently exceeds $46.6 million. BUIDL accounts for the largest portion at 40%, followed by USDS at 29%, USDM at 16.5% and USTB at 14.5%.
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