MakerDAO plans to allocate 600 million DAI to USDe and sUSDe

Odaily News MakerDAO is considering allocating 600 million DAI to USDe and staking USDe (sUSDe) through the DeFi lending agreement Morpho Labs. Both USDe and sUSDe are issued by stablecoin developer Ethena Labs. Seraphim Czecker, Ethena’s head of growth, wrote on The proposal states: “Using the minimum threshold above, the recommended maximum USDe exposure is 600 million USDe. This will gradually expand as Ethena develops, but at this time MakerDAO believes it is prudent to limit the total allocation to this level.” (The Block)