World Liberty Financial and Ethena plan sUSDe implementation in DeFi collaboration
World Liberty Financial and Ethena plan sUSDe implementation in DeFi collaboration
World Liberty Financial (WLFI), a decentralized finance (DeFi) platform backed by President-elect Donald Trump, has announced a potential long-term collaboration with Ethena Labs, starting with the integration of Ethena's yield-bearing token, sUSDe.
The governance of WLFI will vote on this proposal later this week, marking a significant step for both platforms in their joint pursuit of democratized financial tools.
If approved, sUSDe would become the first new token available as collateral on WLFI’s protocol, utilizing Aave’s lending infrastructure. With sUSDe already achieving $1.2 billion in assets on Aave since mid-November, its integration could significantly boost WLFI’s total value locked (TVL) and attract a wider user base.
"Introducing sUSDe into WLFI’s forthcoming Aave instance would enable the protocol to benefit from Ethena's large TVL and user community," said a joint statement from the two companies. Even if the governance vote does not approve the integration, WLFI and Ethena plan to continue exploring collaborative opportunities.
Strategic moves strengthen WLFI’s position
This announcement follows a series of strategic developments for WLFI, including the appointment of Tron founder Justin Sun as an advisor and a $30 million investment from HTX, a crypto exchange linked to Sun. Additionally, WLFI recently acquired $600,000 worth of Ethena’s ENA tokens, signaling its belief in the network’s long-term potential.
WLFI co-founder Zak Folkman highlighted the broader goals of the partnership, stating, “Collaborating with Ethena Labs brings us one step closer to democratizing access to financial tools that deliver better experiences and accessibility for users globally.”
As WLFI continues to expand under a more crypto-friendly U.S. administration, this partnership with Ethena Labs reflects a strategic effort to enhance its platform's capabilities. By integrating sUSDe and fostering collaborative innovation, WLFI positions itself as a key player in the evolving DeFi landscape, aligning with its mission to broaden access to decentralized financial tools.
Previously, Crypto.com CEO Kris Marszalek meets Donald Trump
