The integration will also offer Bybit users daily airdrop rewards for holding Ethena's USDe.
Ethena Labs’ synthetic dollar is launching as margin collateral on cryptocurrency exchange Bybit amid increased adoption of the USDe token.
The new integration will launch USDe as a margin collateral for traders with an annual percentare rate (APR) of up to 20%.
For traders on Bybit, this will introduce more efficiency and flexibility in trading strategies, according to Ben Zhou, the co-founder and CEO of Bybit. Zhou told Cointelegraph:
