• 34ºc, Sunny

Ethena discloses the collaboration process with Symbiotic, or hints that the latter's mainnet will go live in November

On September 26th, Ethena published a post today mentioning the development process of its DVN forfeiture framework developed in collaboration with Symbiotic and LayerZero. Ethena revealed that the modules will be completed in November, when they will be initially promoted together with the Symbiotic mainnet. Symbiotic retweeted that Ethena will be one of the first projects to be released on the mainnet, and the framework will be released as a public good. Previously, in June, Ethena mentioned that it would use Symbiotic's re-staking framework and LayerZero's decentralized verification network (DVN) to ensure the cross-chain transfer of assets such as USDe and sUSDe. Previously, Symbiotic mentioned that it plans to launch the mainnet in September, but this month is approaching the end, and there is no relevant movement.