Ethena's founder has addressed community concerns regarding alleged undisclosed automatic deleveraging (ADL) arrangements. The founder clarified that Ethena has not entered into any agreements with exchanges for ADL privileges. The risks associated with ADL have been disclosed in official documents since the project's launch. Ethena employs a daily profit settlement and zero-leverage strategy, placing it at the lowest priority in the ADL queue, which typically depends on account leverage and unrealized profit levels.