Stablecoin

Maker

DeFi

USDe

Ethena

<ul class="news-points"> 
 <li>Maker DAO has reportedly planned to invest $600 million DAI into USDe and sUSDe via Morpho Labs.</li> 
 <li>The development is expected to trigger the growth of USDe and sUSDe issuer Ethena, driving its TVL to highs.</li> 
 <li>The proposal intends to invest more into the project with the growth of Ethena.</li> 
</ul> 
Maker DAO, a decentralized blockchain protocol on Ethereum, has reportedly planned to invest $600 million in DAI into USDe and staked USDe (sUSDe) via the DeFi lending protocol, Morpho Labs, driving Ethena Labs’ growth.&nbsp; 
While both USDe and sUSDe are issued by Ethena, a synthetic dollar protocol built on Ethereum, the astounding development is expected to drive its total value locked (TVL) to highs. Ethena’s Head of Growth, Seraphim Czecker, shared an X post, revealing MakerDAO’s move to invest in USDe and sUSDe. According to his post, “Ethena TVL growth is on track with internal expectations.” 
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper"> 
 <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
 Not a joke: <a href="https://twitter.com/MakerDAO?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@MakerDAO</a> considering allocating up to $600m DAI into sUSDe and USDe via <a href="https://twitter.com/MorphoLabs?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@MorphoLabs</a> with possibility to go up to $1 billion Ethena TVL growth is on track with internal expectations<a href="https://t.co/kKEhPoDwQm" target="_blank" rel="nofollow">https://t.co/kKEhPoDwQm</a> <a href="https://t.co/F1QP1xPBFW" target="_blank" rel="nofollow">pic.twitter.com/F1QP1xPBFW</a>— Seraphim (@MacroMate8) <a href="https://twitter.com/MacroMate8/status/1774860464855351537?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">April 1…</a>
 </blockquote>
 </div>
</figure>
The post <a href="https://coinedition.com/ethena-eyes-growth-surge-backed-by-makerdaos-stablecoin-power/">Ethena Eyes Growth Surge Backed by MakerDAO’s Stablecoin Power</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Ethena Eyes Growth Surge Backed by MakerDAO’s Stablecoin Power

Coin Edition

Altri articoli pubblicati su 2 apr 2024

Battle Showdown: Gambit Introduces Innovative SkillFi Ecosystem, Redefining Gaming in the Blockch...

Solana Memecoins Suffer 15% Outflows as Wider Market Falls

Solana’s GSOL Premium Soars, Reflecting Bullish Investor Sentiment

Microsoft to Introduce AI-Powered Xbox Chatbot for Enhanced User Support

Are Bitcoin ETF Investors Trapped? Peter Schiff Explains

Uh, is Xi Jinping trying to copy America’s economic problems?

Iscriviti alla nostra newsletter gratuita per aggiornamenti giornalieri sulle criptovalute!