Important takeouts:
- With the launch of USDE and SUSD tokens in the BNB chain, the new Defi Frontier will expand to millions of users.
- Dapp Stakers can win Ethena Rewards with Pancakeswap, Venus and Pendle.
- Download Susde Bridge via StargateFinance and exchange USDE and Susde across the blockchain.
Ethena officially launched USDE and Susde tokens on the BNB chain. One of the world’s largest smart contract networks, BNB Chain boasts millions of active users and a thriving developer community. Esena is currently open to a wide audience of 4 million people thanks to the release of financial services.
The major Defi platforms offer USDE and Susde
Once USDE and SUSDE are available in the BNB chain, users can access important Defi protocols and increase the usefulness of these tokens.
Pancakeswap: Pancakeswap, the largest DEX in the BNB chain, currently has USDE/USDT and SUSD/USDE trading pairs. Liquidity providers can earn totals 30x Ecena rewardcake emissions, and liquidity to these pools will incur transaction fees. As a result, PancakesWap has become an attractive option for liquidity providers who are actively considering it to maximize returns. Pancakeswap’s liquidity provisions bring rewards, and Pancakeswap provides deep liquidity for all traders.
Venus Protocol: Once governance is complete, Venus, the BNB chain’s largest lending platform, will support USDE and SUSD in lending and borrowing. It accumulates in Venus’s earnings 5x Ethena. Venus USDE Deposit 20x Ecena. Venus representatives can earn passive income by funding Venus’ lending markets. Venus allows users to lend and borrow assets in a risk-free environment. The enhanced rewards make it even more appealing for those seeking to maximize returns while participating in Defi activities.
Pendle: Pendle is Defi Dapp of the BNB chain that uses SUSD to promote fixed and floating interest rate markets. The BNB chain is acquired by Pendle’s Hieds Token (YT) holders 30x Ecena rewardin addition to susde apyand Pendle pool liquidity providers also get great rewards. The integration allows users to diversify their strategies by choosing either fixed or floating rates, and add another tool to their Return Maximization Toolbox. Users can interact with Pendle yield assets and earn Ethena rewards. This collaboration expands the way users earn rewards on the BNB chain and solidifies Pendle’s role in the Defi Ecosystem.
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What is the role of USDE and SUSD in defi?
Integrating USDE and SUSDE into the BNB chain will improve Defi Experience for Ethena users. USDE functions as a valuable and stable repository, but users can earn returns on deposits through Susde. They can adapt to all major regulatory tools to provide purchase, lending, or liquidity, from pancake swaps to Venus and Pendles. Ethena expands its utility, enables advanced use in Defi by providing the ability to acquire passive income, participate in liquidity delivery, and provide loans.
StargateFinance deep diving: Layer bridge from USDE to Susde across the chain
The cross-chain nature of both USDE and SUSDE allows users to take advantage of Defi opportunities across the blockchain to allow easy interaction with Defi products from different networks. As a result, users can be more flexible and participate in a wider range of Defi activities, regardless of the blockchain they are using.
Improved Defi experience with multi-chain capabilities
Ecena Integration BNB Chain Strengthen the defi ecosystem StargateFinance Enable cross-chain bridging for USDE and susde. Users can now transfer cross-chains of tokens to access more opportunities. Users can earn passive income 30x Ecena reward Important rewards for Pancakeswap and Pendle, and Venus. Flexibility is a critical feature of Ethena, enhancing its quest as a defi heavyweight, making it dynamic and inclusive of its ecosystem.
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