Hassan Maishera
On Tuesday, Aave Labs announced via X that the Ethena Liquid Leverage is now live on Aave. Users can now deposit 50% sUSDe, 50% USDe, and meet the criteria to earn sUSDe yield on the entire position.
Aave added that to qualify, users need to supply the 50/50 split as collateral and borrow USDC, USDT, or USDS, then loop it at least once. This creates leveraged exposure to sUSDe yields while USDe provides immediate liquidity for unwinding positions. USDe is also now in the sUSDe e-mode category, allowing higher leverage for users earning Liquid Leverage rewards.
Aave protocol is a decentralized, open-source, and non-custodial money market protocol. Depositors earn interest by providing liquidity to lending pools, while borrowers can obtain overcollateralized loans by using the liquidity from these pools. AAVE is trading at $282.02 per token, down 3.5% in the last 24 hours.
