Ethena Labs proposed the integration of its synthetic stablecoin sUSDe into World Liberty Financial (WLFI) on December 18.
The proposal emphasizes that this collaboration will improve capital efficiency and liquidity in WLFI's new Aave protocol, a credit market backed by the family of President-elect Donald Trump.
This partnership is part of Ethena's broader strategy to expand the use case of sUSDe, a stablecoin that currently holds the third position in the market with a market cap of $6.1 billion, according to data from Artemis.
Source: Artemis
The rise of this synthetic stablecoin is driven by strategic integrations with leading DeFi protocols such as Aave, Curve, and Pendle. Notably, sUSDe offers holders an impressive annual percentage yield (APY) of up to 27%.
According to the contents of the proposal, sUSDe has demonstrated the ability to enhance performance in Aave's current credit market. Just one month after being integrated into Aave Core and Lido versions, sUSDe reached $1.2 billion in supplied assets, nearly doubling the supply rate of other major stablecoins like USD Coin (USDC) and Tether USD (USDT), which have a total value of over $5 billion.
WLFI attracts attention
If the proposal is approved and the WLFI version on Aave is deployed, the integration of sUSDe will help WLFI enhance rewards for users due to the high APY, while also boosting total value locked (TVL) and increasing revenue.
Ethena will also co-sponsor sUSDe deposits through its rewards program, providing additional rewards alongside WLFI's native WLF token.
This deployment will be monitored by Aave's risk managers, ensuring market stability and optimizing liquidity.
https://tapchibitcoin.io/ethena-labs-gioi-thieu-susde-lam-tai-san-the-chap-cho-wlfi.html
