Aave governance forum has recently stirred up waves, proposing to peg Ethena's USDe to USDT at a 1:1 ratio, raising concerns within the community about potential conflicts of interest. The proposal suggests replacing the current Chainlink USDe/USD oracle with USDT pricing to avoid the adverse debts caused by liquidations.

It is worth noting that the proposal authors, ChaosLabs and LlamaRisk, have collaborations with Ethena, which has raised concerns among some community members, such as MakerDAO's ImperiumPaper, who believe this is akin to "real estate agents simultaneously representing both buyers and sellers."

Critics point out that USDT is backed by off-chain assets, while USDe relies on ETH strategies, which may face risks during shifts in market sentiment. Ethena's founder, Guy Young, denies any conflicts of interest and emphasizes that a risk committee has been established to ensure external oversight.