Ethena Labs, the creator of the synthetic dollar USDe, is considering launching a decentralized crypto exchange named Ethereal to drive the asset's expansion. The proposed DEX would integrate with Ethena's reserve management system to enhance the utility and demand for USDe. It aims to manage spot and perpetual futures positions supporting USDe, potentially increasing its utility and demand. The proposal includes allocating 15% of future Ethereal governance tokens to Ethena community members. Ethereal is designed to offer the speed of centralized exchanges while allowing users to maintain full control of their assets. The DEX plans to handle up to 1 million transactions per second with sub-20ms latency and enable the development of applications using USDe, such as decentralized lending and borrowing. Despite facing competition in the market, USDe has maintained its peg to the dollar amidst market fluctuations. Read more AI-generated news on: https://app.chaingpt.org/news