Ethena announced a partnership with Initia, and the stablecoin USDe token will be connected to the Initia ecosystem
according to Initia's social media disclosure, Ethena announced a strategic partnership with the blockchain network Initia, and its stablecoin USDe will be integrated into the Initia ecosystem.
This collaboration includes three main aspects: first, establishing an incentivizing INIT-sUSDe native liquidity pool, providing rewards for Ethena, INIT staking rewards, and exchange fees for liquidity positions; second, Ethena will provide rewards for applications in the Initia ecosystem that use its assets as core components, including Cabal, Echelon, and Rave among others; third, Ethena will invest in the Initia ecosystem, starting with Echelon.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Grayscale Submits S-1 for Spot Solana ETF with SEC

Lens Protocol Launches Lens Chain Mainnet with Avail and ZKsync

ByteDance and U.S. Discuss TikTok Deal Amid Tensions

Bitcoin sentiment falls to 2023 low, but ‘risk on’ environment may emerge to spark BTC price rally
Trending news
MoreCrypto prices
More








