đ **Ethena Community to Vote on Ethereal Integration Proposal** đ
The Ethena Labs community is gearing up to vote on an exciting proposal to integrate Ethereal, a decentralized exchange built on the Ethena Network, into its reserve management system. This move aims to boost the utility and demand for USDe, Ethena's synthetic stablecoin.
Key Points:
- Ethereal to manage spot and perpetual futures positions backing USDe.
- ENA token holders could receive 15% of future Ethereal governance tokens.
- Ethereal V1 to launch on testnet in Q4, promising high performance with self-custody.
- Potential synergies include decentralized lending and borrowing applications.
What do you think? Share your thoughts in the comments! đŹ
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