Ethena Labs looks to boost USDe Safe holdings with gas-free Ethereum transactions and 10x rewards bump
Safe Foundation partnered with Ethena Labs to reduce USDe gas fees and offer a 10x rewards boost for USDe held in Safe multisigs.Summary
The Safe Foundation has announced a strategic partnership with USDe issuer Ethena Labs aimed at increasing the adoption of USDe on self-custodial rails. This collaboration will cut gas costs for USDe transactions on the Ethereum mainnet and provide a significant incentive: a 10x boost multiplier on accrued points for USDe held in a Safe multisig wallet during the current Ethena points program. Safe is already securing $6.6 billion in stablecoins, with nearly 85% of Ethena assets held in Safes being sUSDe. Ethena's founder, Guy Young, stated this alliance will accelerate USDe's integration into DeFi. USDe, which maintains its peg through a delta-neutral strategy rather than fiat reserves, is currently the third-largest tokenized dollar.
(Source：The Block)