The Ethena community has launched a proposal to include SOL in USDe's backing assets, which would build around SOL the current "spot plus futures" hedging mechanism that is the same as BTC and ETH. The proposal states that SOL can provide higher funding rates than BTC and ETH, and the inclusion of SOL in the collateralized assets can further advance the consolidation of Ethena and Solana, and also increase the agreement revenue when market conditions improve.
In addition to this, Solana LST bnSOL issued by Binance and Solana LST bbSOL issued by Bybit will also be considered for inclusion in the additional backing asset class of USDe. The proposed vote is ongoing.
Ethena Community Launches Proposal Vote to Include SOL in USDe-Backed Asset Class
2024-10-14 06:09:49
Ethena community initiate proposal propose sol incorporate usdedesk3cryptocurrencydesktopCrypto News
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