According to Initia's social media disclosure, Ethena announced a strategic cooperation with blockchain network Initia, and its stablecoin USDe will be connected to the Initia ecosystem. This cooperation includes three main aspects: First, we will establish an incentive INIT-sUSDe native liquidity pair, and provide Ethena rewards, INIT pledge rewards and exchange fees for liquidity locations; Second, Ethena will provide rewards for Initia ecosystem applications that use its assets as core components, including full-stack applications such as Cabal, Echelon and Rave; Third, Ethena will invest in the Initia ecosystem, starting with Echelon.