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.
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