Ethena Taps LI.FI to Enable Cross-Chain Swaps on 14 Blockchains

Ethena, a outstanding artificial greenback protocol, has introduced the combination of LI.FI, a widely known platform offering cross-chain swap infrastructure and bridging providers. The collaboration goals to streamline the process of buying the Ethena’s flagship governance token $ENA and the artificial greenback $USDe throughout a number of blockchains. The platform revealed this integration in a current X publish.

Ethena Integrates with LI.FI to Broaden $ENA and $USDe’s Entry Throughout Supported Chains

Previously, the customers looking for the conversion of belongings like $DAI, $USDC, and $USDT into $ENA or $USDe needed to undergo a fragmented multi-step. This difficult process concerned many bridges and purposes. Nevertheless, the newest integration of LI.FI makes this expertise seamless. With the inclusion of the cross-chain swap device of LI.FI lets Ethena customers swap a number of stablecoins from fourteen supported chains with just one click on. They embody the notable gamers like Arbitrum, Optimism, and Solana.

This simplified performance enhances Ethena’s goal of building a scalable and decentralized financial answer. Its flagship product $USDe, operates as an artificial greenback that leverages a delta-hedged technique, bearing in mind $SOL, $ETH, and $BTC, in addition to a reserve that features liquid stablecoins similar to $USDT and $USDC.

Establishing Consumer-Pleasant and Related DeFi Panorama

As per Ethena, LI.FI’s integration is pushed by its dedication to creating crypto-native cash extensively accessible. This endeavor eliminates the onboarding problems to unlock a broader participation in Ethena’s ecosystem. Collectively, each the entities result in a comparatively consumer-friendly and related DeFi sector.