4.4 billion underlying components dismantled, how much external support remains actually

YAM states that out of approximately $4.4 billion in total underlying assets of USDe, up to $1.33 billion is involved in self-lending. Its calculation rule is the total borrowed amount collateralized by USDe/sUSDe multiplied by Ethena's liquidity share in that market. According to this ratio, the total borrowing collateralized by Ethena is about $1.67 billion, of which approximately $1.33 billion comes from Ethena's self-lending, and the remaining approximately $336 million comes from other lenders.