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The Ethena community has initiated a proposal vote to include SOL in the USDe supported asset category

2024-10-14 14:06:09
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ChainCatcher message, the Ethena community has initiated a proposal to include SOL as a supported asset for USDe, aiming to build a "spot and futures" hedging mechanism around SOL, similar to that of BTC and ETH.

The proposal states that SOL can provide higher funding rates than BTC and ETH. Including SOL as collateral can further advance the integration of Ethena and Solana, and can also increase protocol revenue when market conditions improve.

In addition, the Solana LST bnSOL issued by Binance and the Solana LST bbSOL issued by Bybit will also be considered for inclusion in the additional supported asset category for USDe. The voting on this proposal is currently ongoing.

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