Sumer.money Completes Ethena Asset Integration

On July 20th, Sumer.money, a blockchain liquidity infrastructure project, completed the integration of Ethena assets. Sumer's efficient risk engine allows users to use USDe, sUSDe, and PT-sUSDe as collateral on Ethereum, automatically adapting different collateral ratios for borrowing and/or generating synthetic assets with different correlations, maximizing capital efficiency without increasing risk. Sumer will also provide power to high-performance EVM L1 with its unique Supernova kernel. This technology stack will contribute to Cosmos SDK as an architecture solution for future L1 and decentralized L2.

Ethena Labs

Comments

All Comments

Recommended for you

CointimeSG ·

Understanding Aleo: A Comprehensive Overview

The rise of smart contract-enabled blockchains has enabled the development of unique decentralized applications and increased transparency in financial transactions. However, although transparency is beneficial for some use cases, the need for onchain privacy has also grown. This has given rise to an influx of applications and blockchains prioritizing privacy through the implementation of cryptographic primitives such as zero-knowledge proofs, ring signatures, and multi-party computation (MPC).
CointimeSG ·

Touching Distance

Following a flurry of consistent new ATHs, Bitcoin is just a stone's throw away from reaching a price of $100k per coin. Explosive price action tends to result in a significant increase in the unrealized profit of holders, and Long-Term Holders are ramping up their distribution in response.
CointimeSG ·

Decentralised Compute

On LLM Training, GPUs, Data Centres, and where Crypto fits in
U.S. consumer confidence improves again in November, reaching a two-year high

Dana M. Peterson, Chief Economist of the World Large Enterprises Federation, said, "US consumer confidence continued to improve in November, reaching the highest level in the past two years. The growth in November was mainly due to consumers' more positive assessment of the current situation, especially in the labor market. Compared with October, consumers' optimism about future employment opportunities has also greatly increased, reaching the highest level in nearly three years. At the same time, consumers' expectations for future business conditions have not changed, while their optimism about future income has slightly declined." Earlier, the US Conference Board Consumer Confidence Index for November recorded 111.7, a new high since July 2023.
CointimeSG ·

GCEX Expands Crypto Custody Solutions With New Hex Trust Service

The prime broker launched the Secured Accounts service to enhance institutional digital asset protection in the EU and UK. Both companies have been working closely together for 3 years, recently presenting staking services.
CointimeSG ·

FD Technologies Posts Wider Loss, Debt Surges 84% Before First Derivatives Sale

The company reports a challenging 6 months, with revenue down 7% to £118.2m and adjusted EBITDA falling 26% to £10.5m. FD Technologies recently announced its plan to sell its First Derivative business to EPAM Systems for £230 million.
CointimeSG ·

How Q Protocol is changing the future of blockchain governance: Report

Cointelegraph Research delves into Q Protocol’s unique governance framework, which combines onchain mechanism with legal agreements.
CointimeSG ·

Movement developers plan token generation event on Ethereum ahead of mainnet launch

The Movement blockchain project has introduced its native MOVE token with a supply of 10 billion tokens. MOVE will initially be launched as an ERC-20 token during a token generation event on Ethereum.
Starknet: Phase 1 of STRK staking is now live on the mainnet

Starknet announced that the first stage of STRK staking has officially launched on the mainnet.
CZ: Not trying to end the meme craze, just encouraging more builders

CZ posted on X platform today, saying: "I am not against Meme coins, but Meme coins have become 'a little' strange now. Let's use blockchain technology to build practical applications." Some community users said that even Musk is a supporter of Meme coins, and it is very difficult to end this frenzy. CZ responded that "there is no attempt to end anything, everyone has the right to choose to invest or hold what they want. Just encourage more builders."