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compound finance integrates ethena stablecoin and mantle liquid staking token
Compound Finance is integrating Ethena's stablecoin USDe and Mantle's liquid staking token mETH as collateral on its lending platform, following a tokenholder vote. This move reflects the growing adoption of yield-bearing stablecoins and liquid staking tokens, contributing to a significant increase in decentralized finance's total value locked, which now exceeds $117 billion. Ethena's USDe has become the third-largest stablecoin, boasting an average annual yield of 11.25% for staked holders.
decentralized finance transforming global financial systems through innovation and technology
Decentralized Finance (DeFi) is revolutionizing financial services by eliminating the need for central intermediaries through blockchain technology and smart contracts. The market is projected to grow from $21.3 billion in 2023 to $616.1 billion by 2033, driven by demand for alternative financial solutions and increased institutional engagement. Key trends include the rise of decentralized exchanges, lending platforms, and innovative financial products, while challenges such as regulatory uncertainty and security risks persist.
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