Ethena Labs Proposes Adding SOL As Collateral For USDe

According to Odaily, Ethena Labs' Growth Lead, Seraphim, announced on the X platform that the Ethena community has initiated a proposal to include SOL as a collateral asset for USDe. The proposal aims to establish a hedging mechanism for SOL similar to the existing 'spot plus futures' strategy used for BTC and ETH. The proposal highlights that SOL can offer higher funding rates compared to BTC and ETH. Including SOL as collateral could further integrate Ethena with the Solana ecosystem and potentially increase protocol revenue when market conditions improve.