STON.fi Integrates USDe Stablecoin on TON Network

STON.fi, a decentralized AMM on The Open Network (TON), has integrated Ethena Labs’ USDe stablecoin to enhance DeFi operations.

The STON.fi integration of USDe marks a significant step in DeFi. Enhanced liquidity pathways could attract more users to the TON ecosystem.

Ethena Labs has developed the USDe, a synthetic stablecoin, now integrated with STON.fi, aiming to strengthen the DeFi landscape on TON. The collaboration supports cross-chain swaps and uses the delta-neutral strategy.

STON.fi and Ethena Labs Collaboration

STON.fi and Ethena Labs have teamed up to boost liquidity through USDe, an Ethereum-originated stablecoin, that now thrives on TON. This move aligns with broader DeFi trends and facilitates seamless swaps and staking.

“Effortlessly swap your USD₮ or TON for USDe. Stake USDe and add liquidity to the pool in your chosen ratio — all in just one action. Automatically receive Ethena points.” — STON.fi Official, Official Source, STON.fi: Source

The integration enables users to stake USDe and participate in liquidity provision directly on STON.fi. Ethena points, an integral reward mechanism, incentivizes liquidity growth amid rising interest in the TON ecosystem.

This collaboration between Ethena Labs and STON.fi advances DeFi capabilities, making it easier for users to manage their assets securely. The native USDe deployment enhances the ideal liquidity for TON, USDT, and USDe.

On-chain data reflects a positive outlook for STON.fi’s integration with USDe, though official dashboards lack specific metrics. Historical data from similar integrations indicate potential challenges but also opportunities for growing ecosystem liquidity.

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