USDe Supply Cap on Tydro Set to Open Nov. 14 With $200 Million Limit

A $200 million supply cap for Ethena’s synthetic dollar USDe is scheduled to open on Tydro Nov. 14, allowing deposits to back isolated borrowing of USDT0.

The cap is scheduled to take effect at 6:24 p.m. ET (23:23:56 UTC) Saturday, Nov. 14. A supply cap sets the maximum amount of an asset users can deposit in a lending market.

Tydro is a noncustodial lending protocol built as a white-label version of Aave v3 on Ink, a layer-2 blockchain developed by the Kraken team. In this isolated market, USDe deposits will serve as collateral for borrowing USDT0. Isolated markets restrict each collateral type to designated borrowing assets.

Ethena and Tydro began a partnership in March 2026. The integration added USDe and its staked version, sUSDe, as collateral. Synthetic-dollar and leveraged-yield strategies can amplify gains and losses as conditions change; Tydro’s isolated structure is designed to contain those risks.