sUSDe is now one of the largest stablecoin markets on Echelon with roughly 45m in TVL.
Our integration sits at the core of @ethena_labs ecosystem map, with Echelon providing lending infrastructure for sUSDe and contributing 5% of our token supply to sENA holders.
gEna.
The sENA value model (bookmark this)
→ sENA serves as the liquid receipt token for locking $ENA (composable throughout a wide range of DeFi apps)
→ Intended to reward users aligned to the long term growth of Ethena
→ Staked ENA (sENA) earns rewards for @etherealdex @BasedOneX @strata_money @DeriveXYZ @Terminal_fi @EchelonMarket and other Ethena Network members
→ These teams committed to giving sENA holders up to 15% of any potential future token supply
TL;DR: sENA has been structured to accrue value where eco apps set aside portions of their token supply to be airdropped to sENA holders.
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