Stablecoin

Maker

DeFi

USDe

Ethena

<ul class="news-points"> 
 <li>Maker DAO has reportedly planned to invest $600 million DAI into USDe and sUSDe via Morpho Labs.</li> 
 <li>The development is expected to trigger the growth of USDe and sUSDe issuer Ethena, driving its TVL to highs.</li> 
 <li>The proposal intends to invest more into the project with the growth of Ethena.</li> 
</ul> 
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.&nbsp; 
While both USDe and sUSDe are issued by Ethena, a synthetic dollar protocol built on Ethereum, the astounding development is expected to drive its total value locked (TVL) to highs. Ethena’s Head of Growth, Seraphim Czecker, shared an X post, revealing MakerDAO’s move to invest in USDe and sUSDe. According to his post, “Ethena TVL growth is on track with internal expectations.” 
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 Not a joke: <a href="https://twitter.com/MakerDAO?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@MakerDAO</a> considering allocating up to $600m DAI into sUSDe and USDe via <a href="https://twitter.com/MorphoLabs?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">@MorphoLabs</a> with possibility to go up to $1 billion Ethena TVL growth is on track with internal expectations<a href="https://t.co/kKEhPoDwQm" target="_blank" rel="nofollow">https://t.co/kKEhPoDwQm</a> <a href="https://t.co/F1QP1xPBFW" target="_blank" rel="nofollow">pic.twitter.com/F1QP1xPBFW</a>— Seraphim (@MacroMate8) <a href="https://twitter.com/MacroMate8/status/1774860464855351537?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">April 1…</a>
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The post <a href="https://coinedition.com/ethena-eyes-growth-surge-backed-by-makerdaos-stablecoin-power/">Ethena Eyes Growth Surge Backed by MakerDAO’s Stablecoin Power</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.

Ethena Eyes Growth Surge Backed by MakerDAO’s Stablecoin Power

Coin Edition

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