➥ 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.