According to The Block report, the decentralized finance (DeFi) project World Liberty Financial (WLFI), supported by the Trump family, announced a long-term partnership with Ethena Labs, with the first step being the integration of the stablecoin sUSDe issued by Ethena. The company stated:
"As the first step of the collaboration, Ethena and WLFI will explore the potential of using sUSDe as the first new collateral token on the WLFI protocol, supported by Aave. Introducing sUSDe into the upcoming Aave instance of WLFI (referring to a decentralized lending platform based on Aave's technology framework) will benefit the node from Ethena's significant total value locked (TVL) and user base."
The governance body of World Liberty Financial will vote on the measure this week.
Since Trump was elected as the President of the United States in November, World Liberty Financial has also become active. Last month, the cryptocurrency exchange HTX, associated with Justin Sun, invested $30 million in World Liberty Financial, and World Liberty Financial also announced the appointment of Justin Sun as an advisor. In addition, the number of World Liberty Financial token sales has also increased, with a total of 5 billion WLFI tokens sold to date, raising approximately $75 million.
Moreover, the growth of sUSDe has been quite remarkable in recent months. WLFI and Ethena mentioned in their statement:
"Since sUSDe joined Aave Core and Aave's Lido instance in mid-November, it has experienced rapid growth in the Aave market, reaching approximately $1.2 billion in asset supply in less than a month. This integration will also help synchronize the growth of stablecoin deposits, thanks to the popularity of sUSDe as collateral assets for lending stablecoins (such as USDC and USDT)."
Wednesday's announcement also revealed that World Liberty Financial purchased $600,000 worth of ENA. However, the statement emphasized that this purchase is not directly related to the collaboration but indicates WLFI's confidence in the long-term viability and success of the Ethena network. According to Arkham's data, World Liberty Financial currently holds 741,000 ENA, with a total value of approximately $838,000.
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