Ethena Labs and Aave Enter DeFi Integration Partnership to Boost Adoption of Its Stablecoin USDe

June 6 - Ethena Labs has entered into a key DeFi integration partnership with Aave to promote the adoption of its stablecoin USDe, according to the official Ethena Labs Twitter feed. The partnership enables users to deposit USDe on Aave and recycle it with other stablecoins, or borrow stablecoins using stETH, weETH, ETH, and WBTC as collateral, which can then be converted to Ethena's USDe or sUSDe. Users are able to borrow stablecoins by depositing USDe or sUSDe, or by collateralizing stETH, ETH, rETH, weETH as collateral and then borrow GHO or USDC/USDT to convert to USDe, the corresponding rewards for each user are Sats, up to 20x.