Ethena Labs is integrating with Injective

6 Mar 2024

2 min read

Ethena Labs  is integrating with Injective

Ethena Labs is integrating with Injective today, marking its first expansion outside of the Ethereum ecosystem.

Both the Injective and the broader IBC community now have access to USDe, enabling users to earn Ethena Shards beginning on March 11th.

What is Ethena?

Ethena aims to revolutionize DeFi with the creation of yield bearing synthetic tokens, having reached nearly 1B in TVL in less than a month

USDe is Ethena’s synthetic dollar, which provides a censorship-resistant, stable, & scalable solution for the digital asset market

Benefits for Injective users

Ethena will allow Injective users to receive shards for holding USDe in their Injective wallets. Users who hold USDe will receive 5x shards (or points) on the Ethena protocol, which counts shards as a part of their “Shards Campaign '' to promote engagement and community participation within the protocol.

How will Ethena work with Injective?

The Ethena integration is made possible with Injective’s implementation of Ethereum standard EIP712, allowing Ethereum wallets, such as MetaMask, to seamlessly connect to the Injective network and generate an Injective wallet address that is automatically linked to an Ethereum wallet address.

Ethena will leverage this integration to query the Injective network for these Ethereum addresses that hold USDe, and grant shards to these users on the Ethena dApp.

The Future of Ethereum Assets on Injective

The integration with Ethena exemplifies the seamless access between Ethereum and Injective.

With Injective, Ethereum users are able to directly obtain novel Ethereum-based assets such as USDe at lightning-fast speeds, near zero fees while utilizing Ethereum native tooling and wallets such as MetaMask. In doing so, Injective unlocks a vast array of opportunities for both the Injective community and the world of crypto as a whole.

#most important

Share article

Earn rewards while keeping up with the latest news

Register on our platform, complete tasks, and earn!

Go to the platform

Receive notifications

We recommend it for you

  • Lorenzo Protocol Integrates With Cosmos Hub To Launch Appchain Secured By ATOM

    25 Mar 2024

  • Artemis Integrates Injective To Provide Institutional On-Chain Data to Users

    19 Mar 2024

  • What is Ethereum Dencun Upgrade?

    16 Mar 2024

  • Injective and AltLayer Bring Restaking Security to EVM Applications

    16 Mar 2024

  • Injective Integrates Noble to bring Native USDC to the Injective Universe

    13 Mar 2024

  • Persitence's Liquid Staking and Restaking Vision

    12 Mar 2024

  • Looking for more?

    Our Blog offers a wealth of articles and videos Click to visit Blog


We are in touch

Technical issue

Are you experiencing an issue with our validators or website? Let us know and we will address it right away.

Collaborate with us to secure networks, earn staking rewards, educate community members, and more. We want to work with people passionate about staking and the future of decentralization.


Do you have any comments on how we can improve? Share your ideas and thoughts about our products and services.


Join us in building a decentralized future. Send us your resume, which position you are applying for, and a short introduction of yourself.

Contact us

Let us know how we can help and we will get back to you as soon as possible.

shark - postman

We read all your feedback and suggestions. Many of your ideas for development become our tasks - you can see their implementation here

Updates history