Ethena USDe Goes Native on X Layer With Aave v3 Market and $5M Liquidity Plan
- —Only 62.78 USDe existed on X Layer via a LayerZero bridge before launch
- —Aave v3 opened a lending market for USDe on X Layer
- —Ethena must provide $5 million in DEX liquidity for liquidators
- —USDe collateralization stood at 101.43%: $4.83 billion against $4.76 billion
Why it matters: Native USDe on X Layer connects OKX's 50 million users to DeFi and could become a template for other exchange-owned chains.
Source: TronWeekly