Ethena community proposes to build Ethereal DEX on its network

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MarsBit
09-30
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According to a report by The Block, the Ethena community is discussing an important proposal to build a decentralized exchange (DEX) called Ethereal on the upcoming Ethena network. The DEX aims to provide on-chain support for USDe and integrate it into Ethena's reserve management. The proposal suggests distributing 15% of Ethereal governance tokens to Ethena token holders. Ethereal plans to launch its testnet in the fourth quarter of this year, targeting 1 million transactions per second with latency under 20 milliseconds. Ethena Labs stated that they will release the voting snapshot as soon as possible, but the exact date has not been announced.

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