Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesCopyBotsEarn
The Ethena community initiated a proposal to include SOL as a collateral asset in USDe

The Ethena community initiated a proposal to include SOL as a collateral asset in USDe

CointimeCointime2024/10/14 02:07
By:Cointime

Seraphim, the growth director of Ethena Labs, posted on X platform that the Ethena community has proposed to include SOL as a collateral asset in USDe and to build a "spot plus futures" hedging mechanism around SOL similar to BTC and ETH. The proposal states that SOL can provide higher funding rates than BTC and ETH, and including SOL as a collateral asset can further promote the integration of Ethena and Solana, as well as increase protocol revenue when market conditions improve.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.
APR up to 10%. Always on, always get airdrop.
Lock now!