<ul><li>Ethena Labs proposes using Solana (SOL) as collateral for USDe, its synthetic stablecoin</li><li>If approved, SOL could represent 5-10% of USDe’s collateral, with an initial allocation target of $100-200 million</li><li>The proposal includes using liquid staking tokens (LST) like BNSOL and bbSOL, mirroring the current use of ETH LSTs</li><li>This proposal shows a strategic shift towards diversifying USDe's treasury and aligning with the trend of using asset-backed tokens in DeFi</li></ul>

Ethena Labs Proposes SOL as Collateral for Synthetic Stablecoin

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