Ethena Labs Proposes SOL for USDe’s Collateral

If the proposal is accredited by Ethena’s Danger Committee – which is unbiased of Ethena Labs – SOL will likely be steadily built-in as a collateral asset for USDe, with an preliminary allocation goal of $100-200 million in SOL positions. This preliminary allocation would characterize roughly 5-10% of SOL’s open curiosity, much like its 3% stake in BTC’s international open curiosity and 9% in ETH.