Ethena Labs Expands PT sUSDe Market to Meet Growing Demand

Ethena Labs, a pioneering platform for synthetic dolar, has announced several key improvements in its ecosystem. This includes the launch of additional Pendle pools with higher caps and the biggest USDe multiplier to date for October maturities.

Ethena Labs, the company behind the synthetic dollar (sUSD) and other Web3 products, has announced several key improvements in its ecosystem.

This includes the launch of additional Pendle pools with higher caps and the biggest USDe multiplier to date for October maturities.

Ethena Labs is also expanding the PT sUSDe market to meet the growing demand for Ethena tokens in fixed-rate contracts, with Spark and Morpho Labs.

Additionally, CNF has reported that Lyra Finance is teaming up with Ethena Labs to offer ETH exposure through leverage, without the risk of initial cash.

Back in April, Ethena’s token (ENA) had a remarkable 99% surge, as major investors expressed interest in the coin.

At the time of writing, ENA is trading at roughly $0.4737, slightly up 0.46%, with a daily trading volume of approximately $99.04 million.

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