Ethena Proposes Adding SOL as USDe Backing Asset

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The submit Ethena proposes so as to add SOL as USDe-backing asset appeared first on Coinpedia Fintech Information

The Ethena group has submitted a proposal to incorporate SOL as a backing asset for USDe, utilizing the identical hedging mechanism that already exists for BTC and ETH perpetual futures. The proposal additionally proposes so as to add BNSOL (Binance Liquid Staked SOL) and bbSOL (Bybit Liquid Staked SOL) as extra supporting belongings. This transfer might additional diversify stability and help for USDe, increasing its asset base past BTC and ETH. The group is now deliberating on the proposal, which might strengthen USDe’s ecosystem.