Jarvis, commence alternative coin season

Pleased to announce the proposal to integrate sUSDe into @aave has passed successfully 👻👻👻

sUSDe will be added as a collateral in both the main Ethereum and Lido instance, enabling billions of dollars of stablecoins to be borrowed against sUSDe

Details below:

The sUSDe distribution for this week is 29% APY

We have also included a trailing estimated projection of the APY for users to track a live time view between distributions

https://ethena.fi/

There are no shorts; I love you

A governance proposal has been submitted by @wintermute governance to enable a fee switch for $ENA

Jump into the forum linked below to discuss 👇🏻

Get in loser, it's time for the DeFi Renaissance

We are simply going to Make Crypto Great Again https://x.com/ethena_labs/status/1854018448470495680/video/1

We are aware of questions circulating in Discord and X as to whether investors or the Ethena team are earning Ethereal rewards via sENA using locked tokens.

We would like to categorically confirm to our community that absolutely no locked team or investor tokens are staked as sENA earning any rewards, including Ethereal.

This was confirmed in Discord publicly last week per the screenshot below.

Any ENA that was sent out of the wallets in question are unlocked following the exact vesting schedule outlined in the original token distribution blog post.

The wallets in question contain unlocked foundation tokens that would fit under the eligible criteria. Nevertheless, the foundation has confirmed to us that these tokens will *NOT* be recipients of any airdrop or related rewards from Ethereal.

A section will be added to the UI this week to clarify the total sENA eligible for future airdrops, which also excludes the undistributed sENA sitting in Liquifi contracts, to make this more clear to users.

https://x.com/ethena_labs/status/1849883824420765980/photo/1

Clear eyes, full hearts, can’t lose

A proposal has been posted to Ethena Governance on an integration of Ethena's liquidity and hedging engine into @HyperliquidX, alongside the addition of $USDe within the L1 upon launch of EVM mainnet

Join in the discussion via the link the following tweet:

We are pleased to announce the winners of the Reserve Fund RWA Allocation

After 25 submissions, the Risk Committee decided on 4 assets that stood out across a wide range of criteria:

• BUIDL (Blackrock/Securitize)
• USDS (Sky)
• USTB (Superstate)
• USDM (Mountain)

The temp check vote in favour of Ethereal's potential integration with Ethena has passed, and the Ethena Network roadmap begins

sENA and rsENA holders begin earning rewards for @etherealdex now

More details below ⬇️ https://x.com/ethena_labs/status/1841848930822422979/video/1

A new proposal was made on Ethena governance a few hours ago

Ethereal Exchange is requesting the community approval to launch a new spot and perpetual exchange built on USDe and integrated into the Ethena hedging engine and liquidity

Their proposal includes a 15% commitment of any potential Ethereal token to circulating $ENA holders

A snapshot will be released shortly for voting

Jump in to the governance forum to discuss 👇

We are excited to announce Ethena's newest product offering: UStb

UStb will be fully backed by @Blackrock BUIDL in partnership with @Securitize, enabling a separate fiat stablecoin product alongside USDe

Details below on why this is important:

The Ethena domain registrar account was recently compromised and we have taken steps to deactivate the site until further notice.

The protocol is unaffected and funds are safe.

Please do not interact with any site or application purporting to be the Ethena frontend.

As of today, sENA is live as the liquid receipt token for locked ENA, allowing users to maintain liquidity with their staked ENA position

sENA should present minimal operational difference from a user’s perspective; however, the liquidity and transferability will allow users to utilize the asset in a variety of DeFi applications.

We are excited to announce the @Bybit_Official USDe rewards campaign has been extended.

Bybit users can now earn up to 10% APR for just holding USDe in their Bybit accounts, or trading derivatives with USDe collateral.

We are excited to share that Ethena has partnered with @eigenlayer and @ether_fi to introduce $USDe as the first dollar denominated token that can be used as security within its generalized shared security platform

More details below:

Season 3 Update

Details in following tweet: