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Jupiter taps Bitwise to curate institutional-grade Solana-based USDe lending market

The Block
Jupiter has partnered with Bitwise to launch an isolated USDe lending market on the Solana-based Jupiter Lend protocol.

Summary

Solana infrastructure provider Jupiter has collaborated with Bitwise to create an isolated lending market for USDe, the synthetic asset issued by Ethena Labs. Utilizing the Fluid protocol for infrastructure, this initiative aims to attract institutional capital by offering a secure, risk-mitigated environment for earning yield. The partnership seeks to leverage Bitwise’s asset management expertise alongside Jupiter's lending capabilities to foster institutional and DeFi adoption of USDe.

(Source:The Block)