đ USDe is officially launched on Solana! đ
- Users can use SOL as collateral for USDe loans after ENA approval.
- Integration with KaminoFinance, Orca, Drift, and soon Jito.
- Previously, USDe was only available on Ethereum, using ETH or BTC as collateral.
USDe is a USD-pegged stablecoin, backed by stETH and short positions in the Ethereum futures market. Users can earn Ethena Sats by providing liquidity or using USDe as collateral.
Ethena Labs is expected to vote next week on enabling SOL as collateral. While shorting SOL has not started yet, it will gradually expand as more data becomes available.
What do you think of this move? Comment now! đŹ
#Crypto#Blockchain#BTC#Solana#USDe#EthenaLabs
