PANews reported on February 1st that, in response to community concerns regarding Ethena's undisclosed ADL (Automatic Debt Licensing) arrangements, Ethena's founderPANews reported on February 1st that, in response to community concerns regarding Ethena's undisclosed ADL (Automatic Debt Licensing) arrangements, Ethena's founder
Ethena's founder clarified that no agreement was reached with the exchange regarding no ADL (Advanced Diplomatic Access) privileges.
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PANews reported on February 1st that, in response to community concerns regarding Ethena's undisclosed ADL (Automatic Debt Licensing) arrangements, Ethena's founder issued a clarification stating that Ethena has never entered into any so-called ADL-free privilege agreement with any exchange, and the relevant ADL risks have been publicly explained since the initial release of Ethena's documentation. The triggering order of ADL typically depends on account leverage and unrealized profit levels; however, Ethena employs a daily liquidation profit and zero-leverage strategy, therefore placing it at the lowest priority in the ADL priority list.
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