Ethena Labs Proposes New USDe-Based DEX Integration and Token Allocation to ENA Holders

According to the latest official update from Ethena Labs on September 30, the Ethena community has put forth a new governance proposal. Aiming to gain community consensus, Ethereal Exchange seeks approval to introduce a new spot and perpetual decentralized exchange (DEX) built around USDe. Furthermore, plans are in motion to integrate this DEX into Ethena’s comprehensive hedging engine and liquidity structures. A significant portion, constituting 15%, of Ethereal tokens is proposed to be allocated to ENA holders. Importantly, a snapshot is anticipated to be released shortly to facilitate the upcoming voting process. This strategic move aims to enhance liquidity and broaden the utility within the Ethena ecosystem.