Aave Labs Proposes Bringing Ethena’s USDe Stablecoin to MegaETH Market

Aave V3 is the core market infrastructure of decentralized lending protocol Aave, while MegaETH is designed as a high-performance Ethereum scaling network. Aave Labs plans to introduce Ethena’s synthetic dollar USDe, a move that would expand its use as collateral and a source of liquidity while bringing the yield-bearing stablecoin further into onchain lending markets.

Aave Labs’ latest proposal recommends listing USDe on the Aave V3 market on MegaETH, using the LayerZero OFT standard for its cross-chain architecture and setting a supply cap of 50 million tokens. The proposal also outlines a “yield passthrough” mechanism that would allow users holding USDe to earn sUSDe yield directly. A formal launch date has not yet been announced.