TL;DR
- World Liberty Financial, backed by Donald Trump, is seeking a long-term collaboration with Ethena Labs, starting with the integration of sUSDe as collateral in its DeFi protocol.
- The approval of this measure depends on the governance of WLFI, which will make a decision this week; if rejected, both platforms will continue exploring other collaboration opportunities.
- The sUSDe token has demonstrated exceptional performance on the Aave Core and Aave Lido platforms, reaching nearly $1.2 billion in assets in less than a month.
World Liberty Financial, a decentralized finance (DeFi) platform backed by President-elect Donald Trump, has announced its intention to establish a long-term collaboration with Ethena Labs.
This partnership will begin with the implementation of Ethena’s sUSDe token, a yield-bearing asset, as collateral in the World Liberty Financial lending protocol.
The collaboration aims to explore the potential of sUSDe within the WLFI ecosystem. They seek for the token to be the first to be used as collateral in the protocol, which could open the door to new opportunities in the DeFi economy and boost sUSDe’s adoption in the market.
Awaiting the Decision of World Liberty Financial
The process of integrating sUSDe is subject to approval by the governance of World Liberty Financial, which will make a decision this week. If the measure is rejected, both platforms will continue evaluating other avenues for collaboration, with the intention of finding integration points that benefit both parties. According to statements from both firms’ representatives, the partnership will be key to transforming the DeFi markets.
The sUSDe token has shown exceptional performance since its addition to the Aave Core and Aave Lido platforms in November, reaching a supply volume close to $1.2 billion in less than a month. It is a solid asset for use as collateral, which could drive its adoption in other decentralized financial protocols.
In addition to the partnership with Ethena, World Liberty Financial has acquired over $600,000 in ENA tokens, demonstrating its confidence in the long-term success of the network. Although this acquisition is not directly linked to the collaboration, it reflects WLFI’s commitment to the alliance.
It is worth noting that this announcement comes after a very favorable period for World Liberty Financial, which has seen spectacular growth since Trump’s election as president, in addition to the recent appointment of Justin Sun, founder of Tron, as a strategic advisor to the platform