Users who are uncomfortable lending against exotic new assets, like Ethena’s sUSDe or liquid restaking tokens, can lend via tried-and-true protocols like Compound and Aave. The Ethena and EigenLayer assets have not been onboarded as collateral for Aave and Compound, where ETH, staked ETH, and USDC remain the primary forms of collateral. Nevertheless, Aave and Compound have enjoyed the second-order effects of the interest in points farming, as well as overall price improvements in Q1.
