According to online reports, according to Initia's social media disclosure, Ethena announced that it has established a strategic cooperation with the blockchain network Initia, and its stablecoin USDe will be connected to the Initia ecosystem. This cooperation includes three main aspects: first, it will establish an incentive INIT-sUSDe native liquidity pair to provide Erena rewards, INIT pledge rewards, and exchange fees for liquidity positions; second, Erena will provide incentives for Inititia ecosystem applications that use its assets as core components, including full-stack applications such as Cabal, Echelon and Rave; third, Erena will invest in the Inititia ecosystem, starting with Echelon.