Deep Tide TechFlow news, on January 6th, according to Protos, the Aave governance forum recently proposed a plan to peg Ethena's USDe to USDT at a 1:1 ratio, raising concerns in the community about potential conflicts of interest. The proposal suggests replacing the current Chainlink USDe/USD oracle with USDT pricing to avoid adverse debt from liquidation.
It is worth noting that the two authors of the proposal, ChaosLabs and LlamaRisk, have collaborated with Ethena. MakerDAO community member ImperiumPaper expressed concerns, believing this is similar to "a real estate agent representing both the buyer and seller".
Critics point out that USDT is fully backed by off-chain assets, while USDe relies on a delta-neutral strategy of ETH long and short positions, facing the risk of negative funding rates when market sentiment shifts. Meanwhile, Ethena founder Guy Young denies any conflicts of interest, emphasizing that the company has established a risk committee to ensure external oversight of product management.
Currently, Ethena's total deposits of sUSDe and USDe on Aave have reached $1 billion, and the company's latest roadmap for 2025 shows plans to further enhance integration with traditional finance.

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