Ethena launches USDe and sUSDe on Monad blockchain

The rollout brings Ethena’s assets to the Monad ecosystem, including integration with Monad’s Aave instance and support on the parallelized EVM network.

ETH
AAVE
USDE

Summary

Ethena said it has gone live on the Monad blockchain, expanding the availability of USDe and sUSDe across the Monad ecosystem. The launch includes integration with Monad’s Aave instance, giving users another venue for onchain lending activity, and makes USDe available on Monad’s parallelized EVM (Ethereum Virtual Machine, smart contract execution environment). The move extends Ethena’s reach to a newer blockchain environment built for higher-performance decentralized applications.

Terms & Concepts
  • sUSDe: A staked version of USDe
  • Aave: A crypto lending and borrowing protocol
  • EVM: Ethereum Virtual Machine for smart contracts