Introducing Ethereal: Request to Ethena Governance on Integration

General
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This sounds great, but I would be extremely cautious here.

I think Ethena should wait and integrate Synthetix Perps once they are on mainnet (SOON). They are currently in audit for this, is battle tested (not some protocol that just popped up), and is committed to high quality security standards.

Ethena and Synthetix are aligned in many aspects, in particular the Synthetix platform will offer:

  1. Deep onchain liquidity
  2. Access to Eth L1 Liquidity
  3. Consistent Funding
  4. Ability to use stETH collateral
  5. Provide transparent onchain custody for users

Checkout this blog for more details:

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