Ethena has introduced a partnership that can permit customers to deposit USDe on Ether.fi in change for a brand new liquid restaking token, or LRT. The brand new LRT, known as eUSDe, can even present a dollar-pegged asset for EigenLayer restakes, in accordance with the announcement. Because the first-ever dollar-pegged collateral utilized in EigenLayer, the eUSDe LRT will present a singular alternative for restakers throughout a number of techniques and protocols to make use of much less risky collateral for his or her restake actions.
Ether.fi has over $5.7 billion in TVL, in accordance with information from crypto information platform DeFi Llama. As a part of the Ethena and Eigenlayer integration, Ether.fi’s USDe vault will permit customers to deposit a number of totally different stablecoins in change for a brand new eUSDe LRT, which will probably be used to safe different techniques and protocols as a part of a generalized restaking
Ethena makes use of a derivatives buying and selling technique to keep up the steadiness of its USDe artificial greenback, taking quick positions in ETH or ETH-linked derivatives to offset losses in ETH collateral. Final month, Ethena Labs introduced a brand new integration that permits customers to purchase and promote its USDe stablecoin on Solana.
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