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Description
Token Information
Token Name: USDe (Ethena USD)
Token Symbol: USDe
Ethereum Mainnet Contract: 0x4c9EDD5852cd905f086C759E8383e09bff1E68B3
Morph Network Contract: 0x5d3a1Ff2b6BAb83b63cd9AD0787074081a52ef34
Why USDe Should Be Added
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Active on Morph Network: USDe already has significant trading activity on Morph through Uniswap V3 pools
- Example Uniswap V3 Pool: 0xd6999Aa1D736c8B820Dc3D759A151b94630A2595
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Existing Mint/Burn Mechanism: USDe already has minting and burning functionality on Morph, as evidenced by transactions to/from the zero address 0x0000000000000000000000000000000000000000
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User Demand: Currently, users cannot directly bridge USDe through the official Morph Bridge, forcing them to:
- Swap USDe → ETH on Morph DEXs
- Bridge ETH to Ethereum
- Swap back to USDe (if needed)
This creates unnecessary friction and additional transaction costs.
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Major Stablecoin: USDe is a significant stablecoin in the DeFi ecosystem (Ethena protocol)
Benefits of Adding USDe to Official Bridge
- Simplified user experience for bridging USDe between Ethereum and Morph
- Reduced transaction costs (no need for multiple swaps)
- Increased liquidity and usage of the official Morph Bridge
- Better support for DeFi applications on Morph that use USDe
Additional Information
- USDe is already integrated with major protocols and appears to have the necessary infrastructure on Morph
- Official Ethena website: https://ethena.fi/
Would the Morph team consider adding USDe to the official bridge token list?
Thank you for your consideration!