Ethena Labs Brings Synthetic Stablecoin USDe to Solana
Ethena Labs has introduced the launch of its stablecoin, USDe, on the Solana community as of August 7.
This integration expands USDe’s attain throughout the Solana ecosystem, providing customers the flexibility to earn Ethena Sats. These may be exchanged for ENA on the finish of every marketing campaign by offering USDe liquidity to the built-in exchanges or utilizing it as collateral for margin trades.
A vote is anticipated subsequent week to resolve if SOL will likely be accepted as collateral for USDe loans. Ethena could not enter quick SOL perpetual positions instantly following the launch, as SOL futures began buying and selling later in comparison with ETH, and have much less historic information on funding charges.
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