Ethena Community Proposes Integration of Ethereal for Reserve Management

According to Foresight News, the Ethena community has released a proposal titled 'Integration of Ethereal into Ethena-Related Reserve Management Post-Launch.' The proposal calls for the direct integration of the decentralized exchange (DEX) Ethereal Exchange into Ethena's reserve management system upon its launch. This integration aims to provide a fully on-chain trading venue for managing spot and derivative positions supporting USDe. Additionally, the Ethena community will benefit from a 15% allocation of future Ethereal governance tokens. Ethereal V1 is an L3 EVM application chain designed for the Ethena network, with a testnet expected to launch in the fourth quarter. The architecture is intended to optimize the advantages of isolated block space and the synergies within the Ethena ecosystem. Beyond the fully on-chain trading engine, Ethereal can support the deployment of other applications utilizing USDe to unlock specific functionalities, thereby enhancing the core DEX's capabilities, such as lending markets.