Odaily News Ethena has launched a new feature that allows traders to use their USDe as collateral when trading derivatives, while noting that there are potential risks in allowing traders to use assets partially backed by derivatives to make more derivatives bets. "We have taken this risk into account, which is why Ethena operates on more than five different platforms," explained Conor Ryder, head of research at Ethena Labs. Guy Young, founder of Ethena Labs, said the company and its partners have taken adequate precautions. Across the five exchanges that Ethena is working with, Ethena will disperse short bets supporting USDe, with 48% on Binance, 23% on ByBit, 20% on OKX, 5% on Deribit, and 1% on Bitget. With this move, Ethena aims to minimize the impact of unforeseen events on one of the exchanges. The same theory applies to spreading risk across different supporting assets: 50% of USDe is backed by Bitcoin, 30% by Ethereum, 11% by Ethereum liquidity pledge tokens, and 8% by USDT. (DL News) Earlier, Ethena officially announced on the X platform that it has jointly introduced USDe as a stable margin collateral reward with @Bybit_Official: Starting from August 2, all Bybit users only need to hold USDe in their Bybit accounts or use USDe collateral to trade derivatives to receive a daily annual interest rate of up to 20%.