Ethena and Initia have reached a cooperation, the stablecoin USDe token will be integrated into the Initia ecosystem

ChainCatcher news, Initia announced on social media that Ethena has established a strategic partnership with the blockchain network Initia. Its stablecoin USDe will be integrated into the Initia ecosystem.

This cooperation includes three main aspects: First, an incentive INIT-sUSDe native liquidity pair will be established, providing Ethena rewards, INIT pledge rewards and exchange fees for liquidity positions; Second, Ethena will provide rewards for applications in the Initia ecosystem that use its assets as core components, including full-stack applications such as Cabal, Echelon and Rave; Thirdly, Ethena will invest in the Initia ecosystem starting from Echelon.