The Ethena community releases a proposal for "Ethereal to be integrated into reserve management related to Ethena after its launch"
On September 30th, the Ethena community released a proposal for "Ethereal to be integrated into Ethena-related reserve management after its launch". The proposal includes a request for DEX Ethereal Exchange to be directly integrated into Ethena-related reserve management upon its launch, in order to provide a complete on-chain trading venue for spot and derivative position management supporting USDe. In addition, the Ethena community will also benefit from 15% of future Ethereal governance token distributions. Ethereal V1 is an L3 EVM application chain suitable for the Ethena network, expected to release its testnet in the fourth quarter.
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