Sui Network ($SUI ) collaborates with Ethena Labs ($ENA ) to launch eSui Dollar
The Sui ecosystem has recently recorded a new milestone in the decentralized finance (DeFi) sector through its partnership with Ethena Labs to issue eSui Dollar. This is a synthetic dollar solution built on the infrastructure of Sui, leveraging Ethena's distinctive delta-neutral technology.
This integration aims to optimize liquidity and provide effective risk hedging tools for users on the Layer 1 network. With Sui's parallel processing capability and low transaction fees, eSui Dollar is expected to promote the development of lending and yield farming protocols in the near future.
This event marks Sui's efforts to expand the stablecoin infrastructure and attract capital flows from comprehensive financial solutions into the ecosystem.
