After the TVL broke through 16 billion USD, @ethena_labs has made another big move by announcing a partnership with Plasma! 🚀
USDe/sUSDe officially lands in the Plasma ecosystem, covering mainstream DeFi platforms such as Aave, Fluid, Curve, and Balancer on the first day, with deposit capacity on Aave nearing 1 billion USD.
This step is crucial because Plasma has brought over 2 billion USD in stablecoin liquidity right after its launch. Meanwhile, Ethena's total locked value of USDe + USDtb has exceeded 16 billion USD, with USDe alone accounting for about 14 billion.
Putting all this together, it means more capital flow, more technological empowerment, and more user entry points for ENA. The heat of Plasma combined with Ethena's TVL growth is taking USDe's penetration rate to the next level. What do you think of this move? 🤔
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 opportunities will be launching soon.
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