The main stablecoin project on Ethereum has announced a strategic partnership with the World Liberty Financial (WLFI) project.
Ethena becomes a strategic partner of Trump's DeFi project.
World Liberty Financial (WLFI), a DeFi project advised by former President Donald Trump's family, has announced a strategic partnership with Ethena Labs (ENA). The first step in this long-term collaboration is the deployment of sUSDe, Ethena's yield-generating token.
According to the plan, sUSDe may become the first collateral asset in the WLFI protocol, backed by the Aave platform. This move aims to leverage Ethena's total value locked (TVL) and its vibrant user community.
The final decision will be made through WLFI's governance process this week. Even if the proposal to integrate sUSDe is not approved, both parties remain committed to exploring other collaboration opportunities.
The sUSDe token has demonstrated its market appeal with impressive growth on Aave. Just one month after being integrated into Aave Core and the Lido instance in mid-November, the total assets supplied reached $1.2 billion. This integration has not only boosted the volume of stablecoins deposited in the protocol but has also expanded the use of sUSDe as collateral to borrow popular stablecoins like USDC and USDT.
As a reflection of confidence in Ethena's future, WLFI has invested USD 600,000 in the project's ENA token. Zak Folkman, co-founder of WLFI, emphasized that this partnership is a significant step towards democratizing financial tools, with the goal of enhancing user experience and expanding global financial accessibility.
