Trump-Backed WLFI Announces Collaboration with Ethena to Revolutionize DeFi Market
World Liberty Financial (WLFI), a decentralized finance (DeFi) platform backed by U.S. President-elect Donald Trump, has announced a long-term collaboration with Ethena Labs.
The collaboration aims to integrate Ethena's sUSDe token as a collateral asset for WLFI's lending protocol.
The sUSDe token has performed exceptionally well since its addition to the Aave Core and Aave Lido platforms in November of last year, reaching nearly $1.2 billion in supply within a month. As a collateralized asset, sUSDe is likely to be adopted not only by WLFI but also by other DeFi protocols.
The decision to integrate sUSDe is subject to approval by WLFI governance, with a final decision expected this week. If the move is not approved, the two sides will explore other avenues of cooperation and find a mutually beneficial way to integrate.
WLFI has seen rapid growth since Trump's election, and recently appointed Tron founder Justin Sun as a strategic advisor to accelerate the platform's global expansion.
Additionally, WLFI has purchased $600,000 worth of ENA tokens, reflecting its confidence in the success of Ethereum's network. While these actions are not directly related to the collaboration, they demonstrate WLFI's long-term commitment to the partnership.