A significant boost for the decentralized finance lending landscape has just occurred with Ethena Protocol’s Principal Tokens rapidly emerging as a powerhouse on Aave. Just one month after their integration, the total collateralized supply of Ethena PTs on Aave has exceeded $1 billion. Aave is adding three new collateral types today—July USDe PT, August eUSDe PT, and eUSDe from etherealdex—to its protocol. This new addition brings in a net aggregate market cap of around $700 million and highlights the newly-increased potential of Ethena as an entity for reshaping collateral markets in DeFi lending protocols. Before this day, Wednesday, February 15,
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