@ethena, the protocol behind $ENA, has made its USDe dollar token native on @XLayerOfficial, the layer 2 network run by OKX. Users can hold and swap the token across the chain. The first inte
@ethena, the protocol behind $ENA, has made its USDe dollar token native on @XLayerOfficial, the layer 2 network run by OKX. Users can hold and swap the token across the chain. The first integration is an @aave v3 market that gives OKX Wallet users direct onchain access to $USDe.
Liquidity provision and one-click USDe looping are due to follow through @wallet. Looping repeats borrowing and depositing to stack yield. Ethena says this is the first time OKX Wallet's millions of users can access its product suite.
USDe is a synthetic dollar designed to hold a value near one US dollar through collateral and hedged positions, according to a market summary by Ad-hoc-news. The same report cites an Aave assessment dated October 12, 2026, which counted 4.76 billion USDe outstanding.
The same Aave assessment is a useful reference point for how limited USDe's presence on X Layer was before this launch. It recorded 62.78 USDe on the chain and said the token had been bridged through LayerZero rather than minted natively at that point.
Aave's risk reviewer, LlamaRisk, supported listing USDe on the Aave V3 X Layer instance, on the condition that enough local DEX liquidity was in place for liquidators. Its assessment thread on the Aave governance forum said the team was expected to supply $5 million in DEX liquidity before launch.
X Layer is OKX's zero-knowledge layer 2 network. According to OKX's launch announcement, it was built with the Polygon Chain Development Kit and uses the OKB token for gas fees. OKX later said it wanted X Layer to focus on DeFi, payments and real-world asset applications, as set out in its PP upgrade announcement.
Aave is already a familiar venue for USDe. Oak Research notes that looping USDe on Aave and Pendle was one of the reasons behind Ethena's growth. Bringing a native version of the token to X Layer, with an Aave market in place, gives OKX Wallet users a direct route into that activity without leaving the wallet.
Looping amplifies both yield and risk, since borrowed funds are redeployed into the same position. Users should check collateral terms and liquidity conditions on the new market before using it.
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