🚀 Big news in the DeFi world! Ethena Labs is proposing to add SOL to USDe's collateral mix! 🎉

USDe isn't your typical stablecoin; it's synthetic, maintaining its $1 peg through collateral, hedged trades, and risk-managed reserves. Unlike USDT or USDC, it's not backed 1:1 by fiat.

If approved, SOL will join the party with an initial allocation of $100-200M, representing 5-10% of SOL's open interest. Ethena is also eyeing liquid staking tokens like BNSOL and bbSOL.

What do you think about SOL joining USDe's collateral? Drop your thoughts below!👇 #DeFi #Web3 #Crypto