PANews December 19 news, according to The Block, the Trump family's cryptocurrency project World Liberty Financial (abbreviated as WLFI) and Ethena Labs announced that they are seeking a 'long-term collaboration', which will begin with the implementation of Ethena's yield token sUSDe.
According to a statement, 'As the first step of the collaboration, Ethena and WLFI will explore potential implementations of sUSDe as the first new token available for collateral on the WLFI protocol, which is supported by Aave. Introducing sUSDe into WLFI's upcoming Aave instance will allow that instance to benefit from Ethena's total value locked (TVL) and user base.' The governance of World Liberty Financial will vote on this measure this week. The two companies stated, 'If WLFI's Aave instance does not receive approval from the governance or if sUSDe is not approved as a collateral asset, WLFI and Ethena will continue to explore collaboration opportunities and are intent on finding integration points.'
According to the statement, Wednesday's announcement was made after World Liberty Financial purchased $600,000 worth of ENA tokens. A spokesperson for World Liberty Financial stated that the purchase of ENA tokens 'is not directly related to this collaboration, but indicates WLFI's confidence in the long-term viability and success of the Ethena network.'
