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Ethena reveals the progress of its cooperation with Symbiotic, which may hint that the latter’s mainnet will be launched in November

2024-09-26 02:19
Odaily News Ethena published a post today mentioning the development progress of the DVN slashing framework it developed in cooperation with Symbiotic and LayerZero. Ethena revealed that these modules will be completed in November, and will then be initially promoted together with the Symbiotic mainnet. Symbiotic forwarded that Ethena will be one of the first projects to be released on the mainnet, and the framework will be released as a public product. Earlier in June, Ethena mentioned that it would use Symbiotic's re-staking framework and LayerZero's decentralized verification network (DVN) to ensure the cross-chain transfer of assets such as USDe and sUSDe. Previously, Symbiotic mentioned that it planned to launch the mainnet in September, but this month is coming to an end and there is no relevant movement.