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The Ethena community initiated a proposal vote to include SOL in the USDe supported asset category

The Ethena community initiated a proposal vote to include SOL in the USDe supported asset category

CointimeCointime2024/10/14 06:36
coin_news.by:Cointime

The Ethena community has initiated a proposal to consider adding SOL as a supported asset for 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 adding SOL as collateral can further promote the integration of Ethena and Solana, as well as increase protocol revenue when market conditions improve.

In addition, Solana LST bnSOL issued by Binance and Solana LST bbSOL issued by Bybit will also be considered for inclusion in the additional supported asset category for USDe. The proposal is currently being voted on.

0

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Grass: Stage 2 has arrived

Cointime•2024/11/02 05:55

Election uncertainty may put market certainty on the back burner

In Friday’s Roundup, Jason Yanowitz said he doesn’t think we’ll see the markets “rip” until potentially January or even February

Blockworks•2024/11/02 05:33

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