Ethena proposes Ethereal DEX integration for enhanced USDe reserve transparency.
ENA token surges 11% as community discusses integration and stablecoin launch.
Ethena community is actively discussing a new proposal aimed at integrating a decentralized exchange (DEX) named Ethereal into its reserve management system, establishing Ethereal as the network’s fully on-chain venue for spot and derivative positions backing its synthetic stablecoin, USDe. The proposal, submitted by a member known as “Fells0x,” seeks community support for the integration, which is anticipated to facilitate hedging transactions through Ethena’s hedging engine.
Fells0x highlighted the mutual benefits of this integration, stating that Ethereal could generate new demand for USDe while providing increased transparency, as USDe backing management would be managed entirely on-chain. Furthermore, the Ethereal team has proposed allocating 15% of any future governance tokens to Ethena (ENA) token hol
We współpracy z: https://thenewscrypto.com/ethena-proposes-ethereal-dex-integration-for-usde-management/
