Implementing AML controls in DeFi without undermining decentralized custody principles
Monica Hernandez2026-03-26T20:16:45-06:00VerifyUltimately, evaluating Ethena’s ENA requires scenario-based analysis that models liquidity shocks, social contagion events, and regulatory interventions. When these signals exceed calibrated thresholds, the model raises the marginal rate, increases the reserve factor, or temporarily narrows collateral factors to protect lenders and the protocol treasury. Configuring a Safe multisig for a DAO treasury begins with clear governance goals. Validator incentives and staking economics must be balanced with decentralization goals. At the same time, full identity exposure carries risks. Users can track incoming salary payments, outgoing subscriptions, or swaps made in DeFi. Custodial bridges must use audited multisig custody with clear recovery [...]