➥ The Ethena x Nunchi link up is a bigger deal than it looks
@nunchi is launching yield perps and choosing USDe as the quote asset.
That means more demand, more margin flow, and more places where USDe becomes the default settlement unit.
Key upgrades:
▸ Part of @nunchi revenue routes back to the @ethena_labs ecosystem
▸ Early nHYPE stakers get 20x ethena rewards
▸ If @nunchi drops a token, ethena users are in the airdrop flow
This is Ethena expanding across the hyperliquid stack after investing in basedonex, now pushing USDe into every HIP-3 deployer they can.
Simple read:
Ethena is turning USDe into the funding layer for hyperliquid’s onchain markets.
We are excited to partner with Hyperliquid HIP-3 deployer @nunchi.
Nunchi is building perpetuals on yield markets, allowing users to express views on RWA rates, dividends, ETH staking yield etc.
A share of total revenue generated by Nunchi will be directed to the benefit of the Ethena ecosystem, in addition to a potential Nunchi airdrop to the ecosystem should they launch a token.
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