Bitcoin The proposal to integrate sUSDe as collateral on Aave has successfully passed, marking a significant milestone for the DeFi ecosystem. This integration enables users to utilize sUSDe as collateral on both the main Ethereum and Lido instances, unlocking the potential to borrow billions of dollars in stablecoins against it.Pleased to announce the proposal to integrate sUSDe into @aave has passed successfully 👻👻👻sUSDe will be added as a collateral in both the main Ethereum and Lido instance, enabling billions of dollars of stablecoins to be borrowed against sUSDeDetails below: pic.twitter.com/ZyA0x0g9me — Ethena Labs (@ethena_labs) November 15, 2024 The supply of USDe has seen explosive growth, with over $700 million added in just the last three weeks—surpassing the total supply of PayPal’s PYUSD and BUIDL.Analysts expect the new Aave integration to act as a substantial supply sink, potentially absorbing billions in USDe over the next month. Additionally, two centralized exchange (CEX) collateral listings are expected to be announced within the next week, further boosting USDe’s adoption.USDe supply starting to go parabolic with $700m added in the last 3 weeks, or more than the total supply of PayPal’s $PYUSD or BUIDLExpect that the @aave integration announced today will be a multi-billion supply sink for USDe within the next month, and two new CEX collateral… pic.twitter.com/aO2c77wP6k — G | Ethena (@leptokurtic_) November 15, 2024 Aave Whale Involvement Gets More Attention Meanwhile, whale activity on Aave continues to draw attention. Just three hours ago, a prominent whale borrowed 1.5 million USDT to acquire 9,829 AAVE tokens. This whale has been aggressively accumulating AAVE since October 13, purchasing a total of 75,493 tokens worth $11.57 million at an average price of $153 per token.A whale borrowed 1.5M $USDT from #Aave to buy 9,829 $AAVE 3 hours ago.This whale is long $AAVE and has bought 75,493 $AAVE($11.57M) since Oct 13, with an average buying price of $153.https://t.co/PZwShBYABX pic.twitter.com/UxMKIReTQC — Lookonchain (@lookonchain) November 15, 2024 The whale’s long position on AAVE underscores growing confidence in the protocol’s future, particularly as the sUSDe integration adds new layers of utility to the Aave ecosystem. With the combined momentum of surging USDe supply, new integrations, and strong institutional interest, Aave is poised to remain a critical player in the DeFi landscape.These developments highlight the increasing demand for decentralized finance solutions, as well as the strategic moves by whales and institutional players to capitalize on this rapidly evolving space. Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services. Follow us on Twitter @nulltxnews to stay updated with the latest Crypto, NFT, AI, Cybersecurity, Distributed Computing, and Metaverse news ! Image Source: itchaznong/ 123RF // Image Effects by Colorcinch » …
The proposal to integrate sUSDe as collateral on Aave has successfully passed, marking a significant milestone for the DeFi ecosystem. This integration enables users to utilize sUSDe as collateral on both the main Ethereum and Lido instances, unlocking the potential to borrow billions of dollars in stablecoins against it. Pleased to announce the proposal to
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