Ethena Launches USDe Integrations on Hyperliquid

Synthetic dollar protocol Ethena continues to expand into new DeFi ecosystems, with the protocol’s USDe token now available on Hyperliquid and its Ethereum Virtual Machine (EVM) . The integration allows Hyperliquid traders and DeFi users to earn rewards, borrow, and trade using USDe. According to the announcement , USDe liquidity will exist “primarily” on HyperCore at launch, which is Hyperliquid’s perpetual decentralized exchange (DEX). The activation also allows HyperEVM users to borrow USDe against assets supplied on DeFi protocols such as Euler and Felix Protocol, and unlocks stable pair farming opportunities on eligible protocols. To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io

Source: The Defiant