According to Ai 姨, ENA and Bybit have a deep collaborative relationship where 21% of USDe executes a Delta neutral hedging strategy on Bybit. Following a hack on Bybit, ENA's price temporarily fell by 11%, and USDe experienced a slight discount. However, after Bybit's commitment to compensation and assurance from ENA that all spot assets supporting USDe are held in custody outside of the exchange, the price has gradually recovered from a low of $0.4078 to the current price of $0.453.

According to Ai 姨 (@ai_9684xtpa), Ethena has announced that all spot assets supporting USDe are held in custody solutions outside of exchanges, with no funds stored on any exchange, including Bybit. This indicates a secure approach to asset management.

According to Ai 姨 (@ai_9684xtpa), USDe experienced a temporary discount, dropping to a low of $0.9933 but has since rebounded to $0.9975. The discount of 0.25% is within a manageable range, and with Bybit's promise of compensation, it is unlikely to pose significant issues.

According to Ai 姨, Ethena has 21% of its USDe engaged in a Delta neutral hedging strategy on Bybit, with the ETH portion valued at $227 million. Following Bybit's confirmation of a breach, ENA has fallen by 11.5%, erasing today's gains.

According to Ai 姨, a wallet that previously made a profit of $1.27 million by buying ETH during a price drop has recently transferred $6.94 million worth of ENA to Binance, suggesting a potential sell-off. This wallet had earlier staked 41.95 million USDe with Ethena, receiving an airdrop of 4.35 million ENA valued at $7 million during Season 1. The wallet is still unlocking rewards weekly due to its top 2000 ranking in Season 2.

According to IntoTheBlock, the liquidity distribution in the Ethena USDe-USDC market is a critical factor for market stability. With liquidity widely spread and only 29% controlled by whales, the market is less prone to abrupt shifts, offering a more resilient trading environment.

According to @ai_9684xtpa, an article explains that if a user's USDe balance falls below the minimum required balance, their locked ENA will be proportionally reduced. For example, if a user's USDe balance is 10% lower than the minimum required balance, they will lose 10% of their locked ENA.

According to @ai_9684xtpa, Ethena has updated the details for their Phase 2 airdrop. Key changes include: 1) The previous rule requiring 50% of ENA tokens to be re-staked has been removed, allowing all airdropped tokens to be withdrawn. 2) The USDe balance must be at least equal to the 30-day average balance as of the 09.01 snapshot; otherwise, the airdrop amount will be proportionally reduced. 3) The top 2000 recipients still need to lock up 50% of their airdropped tokens, which will be linearly unlocked over six months.

According to @OnchainDataNerd, a wallet belonging to Amber Group claimed 3.125 million ENA tokens (~$1.29 million) 9 hours ago. Currently, this wallet holds 21.875 million ENA tokens (~$8.82 million) and 19.94 million USDE tokens.