According to official sources, the Ethena Foundation has proposed integrating HyperliquidEthena liquidity with USDe. The proposal states that HyperliquidL1, as a qualified venue for its hedging flow, needs to undergo technical and legal due diligence. If approved, integration will be gradually and controllably implemented under the guidance of the risk committee. Hyperliquid has over 200000 users, with daily trading volumes typically ranging from $1 to $4B, and open positions exceeding $1B, significantly larger than other on chain permanent DEX. The proposal requires the Ethena Risk Committee to conduct due diligence on the potential hedging suitability of Hyperliquid. @sewatye