echelon

After much anticipation, following Derive $DRV, Echelon will issue $ELON next week (2/2). This is the second ecological project airdrop for Ethena $ENA stakers.
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A quick review of the major events of Echelon x Ethena
In February 2025, Ethena & Echelon announced their partnership, with Echelon allocating 5% of tokens to sENA holders.
In March 2025, sUSDe supported Aptos and integrated into the Echelon lending market.
In March 2025, Echelon subsidized interest through $APT to make sUSDe APR exceed 20%.
In April 2025, Echelon's sUSDe supply reached a peak of 87 million.
At that time, Echelon was one of the top protocols in the Aptos ecosystem and expanded its TVL further through the integration of sUSDe. The feature of this protocol is one-click looping, which can be considered a precursor to the Ethena x Pendle x Aave model.