After surpassing $16 billion in TVL, @ethena_labs made another big move, announcing a partnership with Plasma! 🚀 USDe/sUSDe officially launched on the Plasma ecosystem, with support on major DeFi platforms like Aave, Fluid, Curve, and Balancer on day one. Aave's deposit capacity reached nearly $1 billion. This is a crucial step, as Plasma's initial launch brought over $2 billion in stablecoin liquidity. Meanwhile, Ethena's combined USDe + USDtb locked-in value has surpassed $16 billion, with the USDe portion accounting for approximately $14 billion. Taken together, this means more capital flow, more technological empowerment, and more user access for Ethena. Plasma's popularity, combined with Ethena's growing TVL, is driving USDe's penetration to new heights. What are your thoughts on this move? 🤔
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Ethena Labs
@ethena_labs
09-25
Ethena launches today on @PlasmaFDN as a core dollar asset within their DeFi ecosystem.
Liquid Leverage is live on @Aave's Plasma instance, with nearly $1 billion of USDe & sUSDe deposit capacity which will benefit from the supply of USDT from Binance Earn.
More Ethena-powered x.com/18440022772182…

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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