MakerDAO is considering allocating 600 million DAI to USDe
Decentralized finance (DeFi) project MakerDAO is considering allocating 600 million DAI into USDe and pledging USDe (sUSDe) through the DeFi lending protocol Morpho Labs. both USDe and sUSDe are issued by stablecoin developer Ethena Labs. head of growth at Ethena Seraphim Czecker wrote on X that despite the current state of the proposal, if the MakerDAO community confirms the move, it will lock in growth in Ethena's total value and meet internal expectations.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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