USDe officially integrates Hyperliquid and HyperEVM, Ethena accelerates the application of stablecoin in the emerging Decentralized Finance ecosystem.

Recently, the native stable asset USDe launched by Ethena Labs has been officially integrated into the Hyperliquid exchange (HyperCore) and HyperEVM, becoming the first dollar stablecoin in the ecosystem with scalability and rewards mechanisms. This integration marks an important advancement for Ethena in the construction of cross-chain Decentralized Finance infrastructure, while also bringing new underlying capabilities of stable assets to Hyperliquid.

HyperCore users will automatically receive airdrop rewards daily based on their 24-hour average USDe holdings. This incentive is provided and distributed by @merkl_xyz, with a participation threshold of holding no less than 100 USDe. The relevant reward mechanism does not require any additional actions from users, ensuring the convenience and continuity of the usage process.

Users can obtain USDe through various methods, including:

●Buy directly on the HyperCore native order book; ● Use the “EVM <> Core Transfer” feature on the Hyperliquid Portfolio page to transfer from HyperEVM. ● Bridge to HyperEVM from other EVM networks through the @StarGate.ioFinance cross-chain bridge, then transfer to HyperCore (supported by @LayerZero_Core technology).

Currently, the main liquidity of USDe is concentrated in HyperCore, and it has asset interoperability between HyperCore and HyperEVM. With the support of multiple protocols, USDe is accelerating its integration into the Hyperliquid ecosystem.

At the application level, users can use USDe as collateral assets for lending on platforms such as @felixprotocol, @eulerfinance, @hyperdrivedefi, and @0xHyperBeat; USDe and its yield-bearing asset sUSDe can also be traded in pairs with feUSD on @CurveFinance to earn Felix points, 30 times Ethena rewards, and annualized yield from sUSDe. In addition, sUSDe will also serve as compliant collateral for the Felix Vanilla market.

In the future, USDe will continue to expand its application scenarios in the Hyperliquid ecosystem, including but not limited to:

●Any cross-chain bridge directly to HyperCore; ●Fixed income product integration (@pendle_fi); ●Gamified revenue entry (@pvp_dot_trade); ●Efficient AMM mechanism integration (@ValantisLabs).

With the gradual improvement of the Hyperliquid ecosystem, USDe is expected to become one of its core financial infrastructures, bringing continuous momentum for the efficient use of stablecoins and the enhancement of capital efficiency.