Ethena Labs Integrates With Aave, Allowing Users To Deposit USDe

According to Foresight News, Ethena Labs has announced its integration with Aave. This collaboration allows users to deposit USDe on Aave and cycle their positions with other stablecoins. Users can also deposit stETH, weETH, ETH, and WBTC on Aave, borrowing stablecoins into Ethena's USDe or sUSDe. Users can use USDe as collateral to earn 20 times Sats, and sUSDe as collateral to earn 10 times Sats. The use of stETH, ETH, rETH, and weETH as collateral to borrow GHO into USDe can also earn 20 times Sats. Similarly, using stETH, ETH, rETH, and weETH as collateral to borrow USDC/T into USDe can earn 10 times Sats. In addition to these benefits, users can provide liquidity for Ethena while maintaining a long Delta risk exposure to tokens such as ETH. It is also suggested that sUSDe be increased in the short term after confirmation by Aave governance.