PROPOSED ETHENA ALLOCATION TO BLACKROCK BUIDL

Summary from the TLDR Crypto newsletter

Ethena Labs has introduced reward-bearing asset proposals, inviting issuers to pitch for an allocation from its $45 million Reserve Fund and $250 million in USDe's liquid cash backing. Early applicants include Securitize, distributors of BlackRock's BUIDL, and SteakhouseFi's USDC. Governance will be managed by a newly launched Risk Committee of industry professionals to oversee and approve these allocations.