Ethena Labs founder: The platform has processed the maximum daily redemption amount and there has been no insufficient collateral for USDe

Golden Finance reported that Ethena Labs founder @ leptokurtic_ posted on X platform that the past 24 hours have been very difficult. Ethena Labs handled the maximum daily redemption volume and released all unrealized exposures to Bybit within one hour after the incident. USDe has never experienced insufficient collateral, and even if the unrealized exposure to Bybit did not drop to zero within one hour, USDe is still in an over collateralized state. It is hoped that this incident can verify some design decisions made to reduce the risk of users using OES custody solutions. The simple design route is to avoid costs and the increased engineering complexity of custodians in off chain hedging systems. Ethena Labs has not encountered any support losses or redemption request issues.