According to Odaily, Ethena Labs founder @leptokurtic_ announced on the X platform that the company successfully managed its largest single-day redemption and promptly closed all unrealized risk exposures following recent news. Despite Bybit, the world's second-largest derivatives exchange, accounting for over 20% of the hedging exposure, USDe has never faced under-collateralization issues. Even if the unrealized risk exposure did not drop to zero within hours, it could be entirely lost while USDe would remain over-collateralized. The founder expressed hope that this incident would validate some design decisions made to reduce user risk when using OES custody solutions. Ethena Labs has not encountered any issues with support losses or redemption requests.