🚀 Compound Finance has just added the USDe stablecoin and Mantle's liquid staking token mETH to its decentralized lending platform! 🌐
- This move demonstrates the rapid growth of the Ethena stablecoin and LSTs on the Ethereum network.
- Compound's TVL has surpassed $2.7 billion, according to DefiLlama.
- Discussions are underway to integrate cmETH, Compound's liquid restaking token.
📈 Total DeFi TVL is nearing the highs of 2021, thanks to LSTs and LRTs like mETH and cmETH. Currently, DeFi TVL exceeds $117 billion, an increase of nearly 150% since the beginning of the year.
💰 The stablecoin market has exploded following Trump's victory, with a market cap increase of over $25 billion. Ethena's USDe has surpassed Dai, becoming the third largest stablecoin.
💬 What do you think about this development? Share your thoughts in the comments!