🚀 Crypto News: Stablecoin USDe is now live on Solana! 🎉

- Ethena Labs announced that starting August 7, users can use SOL as collateral for USDe loans.

- USDe, previously only available on Ethereum, is now integrated with KaminoFinance, Orca, Drift, and soon Jito.

- USDe is backed by stETH and short positions in the Ethereum futures market, providing returns from staking and negative funding rates.

- Users can earn Ethena Sats by providing USDe liquidity or using it as collateral for margin trading.

- Ethena Labs is expected to vote on allowing SOL as collateral next week.

What do you think about this move by USDe? Comment now! 💬#Crypto#Blockchain#BTC#Solana #Stablecoin