ChainCatcher News: suiUSDe supported by Ethena is now live on the Sui mainnet. As the first “synthetic dollar” on the Sui network, suiUSDe is also the first synthetic dollar to support DeepBook Margin, expanding composable financial functions on Sui.
By integrating DeepBook Margin, suiUSDe can be used for margin trading, lending, and other DeFi processes. The launch of suiUSDe has received support from multiple ecosystem participants, including SUI Group Holdings. Currently, several ecosystem projects such as Abyss, Cetus, and Deeptrade will support DeepBook Margin trading. In the future, ecosystem projects including Aftermath, AlphaLend, Bluefin, Ember, Navi, Pyth, Scallop, and Suilend will also support suiUSDe, helping to advance Sui DeFi development.
Previously, Sui ecosystem DeFi project DeepBook announced the launch of leverage trading functionality Margin, introducing fully on-chain and composable leverage trading to Sui. Asset holders can earn passive income by providing liquidity to leverage trading pools, further promoting the development of DeepBook.
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