*Ethena Labs Expands USDe’s Reach with Hyperliquid and HyperEVM Integrations*

 **Ethena Labs Expands USDe’s Reach with Hyperliquid and HyperEVM Integrations**  

Ethena Labs has broadened the utility of its synthetic dollar protocol, **USDe**, by launching on **Hyperliquid**, a decentralized perpetuals exchange, and **HyperEVM**, a high-performance Ethereum Virtual Machine (EVM) chain. The move enhances USDe’s accessibility and functionality across decentralized finance (DeFi) ecosystems.  

### **Key Highlights:**  

1. **USDe Now Live on Hyperliquid**  

   - Traders can now use **USDe as collateral** for perpetual contracts, leveraging its delta-neutral stability.  

   - The integration allows for **leveraged trading** while reducing exposure to market volatility.  

2. **USDe Deployed on HyperEVM**  

   - Developers can incorporate USDe into **smart contracts** on HyperEVM, a scalable EVM-compatible chain.  

   - This opens new possibilities for USDe in **lending, derivatives, and other DeFi applications**.  

3. **Strategic Importance**  

   - **Hyperliquid** is a top-tier **perpetuals DEX**, known for deep liquidity and low fees.  

   - **HyperEVM** offers high throughput, making it ideal for scalable DeFi solutions.  

   - USDe’s **yield-bearing feature**, backed by staked ETH returns, adds value as collateral.  

### **About Ethena Labs & USDe**  

- USDe is a **synthetic dollar** backed by staked ETH and hedged via derivatives to maintain stability.  

- It generates yield through a combination of **collateral returns and funding rate arbitrage**, offering a robust alternative to traditional stablecoins.  

This expansion solidifies USDe’s role as a **capital-efficient stablecoin solution** in the evolving DeFi landscape.