CoinVoice has recently learned that according to the latest official information, the Ethena Foundation has proposed to integrate Hyperliquid Ethena liquidity with USDe.

The proposal states that Hyperliquid L1 qualifies as a site as part of its hedging stream, subject to technical and legal due diligence. If approved, the integration will be implemented in a gradual and controlled manner under the guidance of the risk committee. Hyperliquid has over 200,000 users, daily trading volume typically ranges from $1 to $4B, and open positions exceed $1B, significantly larger than other on-chain permanent DEXs.

The proposal requires the Ethena Risk Committee to conduct due diligence on Hyperliquid’s suitability as a potential hedging venue. [Original link]