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Want to commend the speed with which Binance has addressed the losses on their platform. The size of user compensation is unprecedented. This is the first step to regain user trust which will be rebuilt through time. Now is not the right time to be blaming each other. Binance has not shied away from the incident but has instead addressed them head on and offered immediate solutions, which should be commended. To address any concerns on the relationship between Ethena and Binance, our partnership remains strong and is not impacted by the events over the weekend. We will continue supporting each others products. We are also supporting where we can to update their oracle approach and risk parameters to better manage extreme tail end scenarios going forward, and will both be providing updates on this solution later this week.
gdog97_ ↗