🚀 Big news in the DeFi world! Ethena and Derive.xyz have teamed up, announcing a multi-million dollar partnership to boost liquidity and growth. Ethena will integrate Derive's trading options, leveraging its USDe stablecoin to enhance trading volumes.
- Ethena's basis trading on Derive's markets is pending approval, promising increased liquidity and stable pricing.
- The partnership includes a grant to Derive's Lyra Foundation and rewards for staked ENA holders.
- Derive will integrate USDe as collateral, offering passive yield opportunities.
What do you think about this collaboration? Share your thoughts in the comments!