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Coin Edition 2024-04-02 05:27:42

Ethena Eyes Growth Surge Backed by MakerDAO’s Stablecoin Power

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. While both USDe and sUSDe are issued by Ethena, a synthetic dollar protocol built on Ethereum, the astounding development is expected The post Ethena Eyes Growth Surge Backed by MakerDAO’s Stablecoin Power appeared first on Coin Edition .

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