Ethena Labs strategically invests millions of dollars to advance the USDDe and USDtb ecosystems

According to official news from Ethena Labs, it has made a multi-million dollar strategic investment in Based, a key player in the Hyperliquid ecosystem, and has entered into a partnership. This collaboration will promote the use of USDe, USDtb, and other unreleased Ethena products on Hyperliquiquid. In addition, Based plans to support the payment functions of USDe and USDtb on its debit card, while also embedding a savings function to further expand product use cases. Notably, this investment will specifically benefit sENA token holders, and in the future, sENA stakers will exclusively enjoy Based Points rewards. Based is reportedly the largest builder code platform in the Hyperliquid ecosystem, accounting for approximately 7% of the current perpetual contract trading volume.