Ethena Labs integrates USDe on Solana. This opens up new opportunities for users with SOL support as a supporting asset. Read more here!

Ethena Integrates USDe on Solana

<img src="https://static.bittime.com/cms-static/upload/Ethena_Integrates_US_De_on_Solana_9cd288d6b4.webp" alt="Ethena Integrates USDe on Solana.webp" width="2048" height="1152"><a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/?cn=400001">Bittime</a> -&nbsp;Ethena Labs has integrated the USDe stablecoin into the Solana blockchain. This marks a major step in expanding its ecosystem.&nbsp;With support from LayerZero Labs Omnichain Fungible Token (OFT), this integration allows Solana users to not only make transactions with USDe but also earn incentives using Ethena's native reward token, sUSDe.This move is especially significant considering the current stablecoin situation on Solana, where more than 90% of the $3.5 billion stablecoin supply does not provide an opportunity for users to earn rewards.&nbsp;This new method introduced by Ethena Labs changes the way stablecoins can be used on the Solana network, while opening up new opportunities for users to interact with this ecosystem.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/staking?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_staking_coin_8abe277d88.webp" alt="banner staking coin.webp" width="2985" height="620"></a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">SOL as USDe Supporting Asset</h2>One of the most prominent aspects of this integration is the plan to make SUN as a USDe supporting asset. This proposal will be submitted for governance approval next week, and if approved, this move will significantly increase USDe's scalability.&nbsp;Leveraging $2-3 billion in open interest on major exchanges, USDe is poised to become more integrated into the Solana ecosystem.&nbsp;Apart from this, Ethena Labs has also introduced various opportunities for users to earn Satoshis (Sats) on Solana, starting on August 5.&nbsp;Integration with partner protocols such as Kamino, Orca, Drift, and jito It is hoped that it will increase the earning potential of users in the Solana ecosystem, while strengthening Ethena's market position.Read also:&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/blog/listing-dogs-akan-diumumkan-sebentar-lagi">Soon, DOGS Listing will be announced August 14 2024</a><h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">USDe Resilience Test and Collaboration with Bybit</h2>USDe recently underwent a major stress test with redemptions reaching around $100 million, which shows strength synthetic dollar Ethena and its ability to withstand market pressures.&nbsp;Additionally, Ethena Labs' latest collaboration with Bybit allows users to earn up to 20% APR on USDe collateral, making it one of the most attractive assets for traders and investors.<a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_cara_beli_ab926002c1.webp" alt="cara beli crypto di bittime" width="2985" height="620"></a>Meanwhile, Athena's original token, This one, has risen 8.79% in the last 24 hours to $0.3046, with a daily trading volume of $50.69 million.&nbsp;SUN also traded at $156.77, up 1.92% in the same period on a daily trading volume of $4.78 billion.<h2 style="line-height:1.38;margin-bottom:6pt;margin-top:14pt;text-align:justify;" dir="ltr">Conclusion</h2>The integration of USDe on Solana by Ethena Labs opens up new opportunities in the crypto ecosystem, especially on the Solana network.&nbsp;With new earning opportunities and support from assets such as SOL, USDe is poised to become an important part of this ecosystem, while the collaboration with Bybit adds to its appeal as a profitable asset for traders and investors.<h2 style="line-height:1.7999999999999998;margin-bottom:6pt;margin-top:10pt;text-align:justify;" dir="ltr">How to Buy Crypto on Bittime</h2><a target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy?content_id=news&amp;cn=400001"><img src="https://static.bittime.com/cms-static/upload/banner_cara_beli_ab926002c1.webp" alt="cara beli crypto di bittime" width="2985" height="620"></a>You can buy and sell crypto assets easily and safely via Bittime. Bittime is one of the best crypto applications in Indonesia which is officially registered with Bappebti.&nbsp;To be able to buy crypto assets on Bittime, make sure you have registered and completed identity verification. Apart from that, also ensure you have sufficient balance by depositing some funds into your wallet. For your information, the minimum purchase of assets on Bittime is IDR 10,000. After that, you can purchase crypto assets in the application. Study&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/how-to-buy/?content_id=news&amp;cn=400001">Complete Guide How to Buy Crypto on Bittime</a>.&nbsp;Monitor graphic movement<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/BTC?content_id=news&amp;cn=400001">&nbsp;of Bitcoin (BTC) price</a>,&nbsp;<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/ETH?content_id=news&amp;cn=400001">Ethereum (ETH)</a>,<a style="text-decoration:none;" target="_blank" rel="noopener noreferrer" href="https://www.bittime.com/price/SOL?content_id=news&amp;cn=400001"> Solana (SOL),</a>&nbsp;and other cryptos to find out today's crypto market trends in real-time on Bittime.

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Ethena Integrates USDe on Solana.webp

Ethena allows the use of USDe for derivative betting with minimal risk. Check out further information in the following article!

Ethena Integrates USDe on Solana

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