Ethena Integrates USDe Deposits on Ether.fi, Introduces eUSDe Swap for Enhanced Liquidity
CryptoNewsTerminal Staff03 Sep, 2024
Ethena Integrates USDe Deposits on Ether.fi, Introduces eUSDe Swap for Enhanced Liquidity
Ethena Labs, the issuer of the USDe stablecoin, has integrated USDe deposits on Ether.fi, a non-custodial decentralized exchange (DEX). This integration allows users to deposit and trade USDe seamlessly on the platform. Additionally, Ethena has introduced a new liquidity-providing reward token (LRT) called eUSDe. eUSDe is a dollar-pegged asset designed for staking on EigenLayer, a platform for scalable decentralized applications. By providing liquidity for eUSDe on Ether.fi, users can earn passive income in the form of LRTs. These initiatives by Ethena Labs aim to enhance the accessibility and liquidity of USDe, providing users with more options to interact with the stablecoin and participate in the EigenLayer ecosystem.
