Ethena Proposes $1B SAFO Fund for USDe Backing by 2027
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Ethena governance proposes adding SAFO, a regulated tokenized fund by Spiko and Amundi with BNP Paribas swaps, as USDe backing. Blockworks Advisory deemed it eligible for $500 million by 2026 and $1 billion in 2027 pending community vote.
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