Ethena Labs Proposes Onboarding SOL as Backing Asset to USDe

Decentralized finance protocol Ethena, known for its synthetic dollar USDe, could onboard Solana’s native token SOL as a backing asset for the stablecoin. The community is now considering an Oct. 10 proposal from Ethena Labs that recommends an allocation of USDe’s backing to SOL. The setup would utilize the same ... The post Ethena Labs Proposes Onboarding SOL as Backing Asset to USDe appeared first on Unchained.