Today, a highly discussed proposal appeared on the Ethena Governance Forum, and the proposal was forwarded and promoted by Ethena officials and founders. This proposal is a spot and perpetual contract exchange called "Ethereal", seeking direct integration after its establishment. Enter the Ethena network.
So what is Ethereal for?
1.Ethereal is an L3 EVM application chain suitable for the Ethena network (expected to be a test network in the fourth quarter)
2. Construct products based on USDe, such as spot and perpetual contract markets, etc., to expand and release the functions of USDe
3.Ethereal promises to allocate 15% of future tokens to the Ethena community
In addition, the founder of Ethena emphasized the following points in the retweeted tweet:
1. Rather than integrating external projects, it would be better to support projects built directly on the Ethena network
2. The founder of Ethena stated that he knows the Ethereal project team and recognizes their capabilities.
3. He believes that building an ecosystem based on USDe will help benefit Ethena and ENA
4. At the same time, he also promised that he and the Ethena team will not receive the 15% of tokens allocated to the Ethena community.
Summarize
Recently, as the second season of Ethena is about to start issuing airdrops, the team is also actively releasing good news! First came sENA and UStb, and then came Ethereal this time.
I think as I said before, the value and construction direction of Ethena is really clearly biased towards USDe, a product. The stablecoin market itself is a market full of great potential. If you know how much money Tether makes relying on USDT You can understand why everyone wants to attack the stablecoin market.
In addition, from the perspective of Ethena wanting to build the Ethena Chain or simply improving the Ethena ecosystem, USDe is definitely very suitable to become the underlying asset. Just imagine if an exchange can be successfully promoted and its trading pairs are all based on USDe, then Ethena What will it look like?
So in the end, from the perspective of retail investors, it is more directly relevant for Ethereal to allocate 15% of tokens to the Ethena community, because it currently seems that this will be distributed based on ENA holders, which will help increase the buying and holding of ENA. Having time helps.
(As a side note, Ethena at least gave us so much good news to boost the currency price before issuing the second quarter airdrop. It can be considered that it is intentional for us to sell the airdrop at a good price...)
※Partners who want to participate in the Ethena Season 3 airdrop event and earn $ENA airdrop can use my code:
eu54u
※ The above content is purely personal sharing and does not constitute investment advice (NFA). Users are advised to DYOR and assess their personal risk tolerance.
※Cover image screenshot from Ethena Community Forum
