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The Ethena community initiated a proposal to include SOL as a collateral asset in USDe

2024-10-14 00:34
Odaily News Seraphim, head of growth at Ethena Labs, posted on the X platform that the Ethena community has initiated a proposal to include SOL in the collateral assets of USDe, and will build a "spot plus futures" hedging mechanism around SOL that is the same as the current BTC and ETH. The proposal states that SOL can provide a higher funding rate than BTC and ETH, and including SOL in the collateral assets can further promote the consolidation of Ethena and Solana, and can also increase protocol revenue when market conditions improve.