Ethena launches proposal: plans to integrate Hyperliquid Ethena liquidity with USDe

Odaily News The Ethena Foundation has initiated a proposal to integrate Hyperliquid Ethena liquidity with USDe. The proposal states that Hyperliquid L1 is a qualified venue as part of its hedging flow and is subject to technical and legal due diligence. If approved, the integration will be implemented gradually and in a controlled manner under the guidance of the Risk Committee. Hyperliquid has more than 200,000 users, with daily trading volume typically ranging from $1 billion to $4 billion and open interest exceeding $1 billion. As of October, Hyperliquid accounted for 40% of on-chain perpetual contract trading volume.