According to ChainCatcher news, the Ethena Foundation recently put forward an interesting proposal to integrate Hyperliquid Ethena liquidity with USDe. The proposal states that Hyperliquid L1 will be used as part of its hedging stream, subject to technical and legal due diligence.

If the proposal is approved, the integration will be implemented gradually and in a controlled manner under the guidance of the Ethena Risk Committee. It is worth noting that Hyperliquid has more than 200,000 users, daily trading volume typically ranges from $1 to $4B, and open positions exceed $1B, which is significantly larger than other on-chain permanent DEXs.

The Ethena Risk Committee will conduct due diligence on Hyperliquid’s suitability as a potential hedging venue to ensure the integration is safe and effective. 📈🔍