Ethena Labs introduces sUSDe as collateral for Trump-backed WLFI protocol
The partnership, if approved, will be a step into WLFI's vision of using stablecoins to maintain the dollar supremacy.
Ethena Labs proposed integrating its synthetic stablecoin , sUSDe , into World Liberty Financial (WLFI) on Dec. 18.
The proposal stated that this partnership would boost capital efficiency and liquidity in WLFI’s new Aave instance. The protocol is a credit market backed by President-elect Donald Trump’s family.
The partnership comes as part of Ethena’s broader mission to expand the utility of sUSDe, which has become the third-largest stablecoin with a $6.1 billion market cap, according to Artemis data .
Integrations across major DeFi protocols, including Aave, Curve, and Pendle, fueled the rise of the synthetic stablecoin. Additionally, sUSDe offers its holders a significant annual percentage yield (APY) of 27%.
According to the proposal, sUSDe’s role in Aave’s existing markets has already proven its ability to amplify market conditions. Within a month of its onboarding to Aave Core and Lido instances, sUSDe achieved $1.2 billion in supplied assets, nearly doubling supply rates on over $5 billion of stablecoins like USD Coin ( USDC ) and Tether USD ( USDT ).
WLFI gaining traction
Should the proposal pass governance and the WLFI Aave instance go live, introducing sUSDe will enable WLFI to enhance users’ rewards due to the stablecoin’s high APY, grow its total value locked, and boost its revenue generation.
Additionally, Ethena will co-incentivize sUSDe deposits through its points program, offering additional rewards alongside WLFI’s native WLF tokens.
Aave’s risk service providers will oversee the deployment to ensure market stability and optimize liquidity.
Mentioned in this article
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Bitcoin’s LTH Spending Signals New Accumulation Phase
Long-Term Holder spending hits minimum, aligning with Bitcoin accumulation and potential price growth.Bullish Indicators Add Strength to Price Outlook

US Ethereum ETFs Hit Record 3.91M ETH Reserve
: U.S. spot Ethereum ETFs reach a record 3.91M ETH, with BlackRock holding the largest share at 41%.BlackRock Leads, Grayscale FollowsInstitutional Adoption Gaining Momentum

Missed Ethereum’s ICO? Qubetics at $0.3370 Stands Out Among Best Cryptos to Buy This Month
Missed Ethereum’s early rise? Qubetics is in its final presale stage, offering real utility, reduced supply, and up to 4,349% ROI potential. Discover the best crypto to buy this month.Qubetics Interoperability: Cross-Network Access Without ComplexityEthereum’s Legacy and Qubetics’ PromiseThe Bottom Line

Polyhedra to Increase ZKJ Buybacks After ‘Financial Attack’
Polyhedra co‑founder pledges more ZKJ token buybacks after price crash triggered by a financial attack.What Caused the Crash?Upcoming Buybacks & Security MeasuresWhat This Means for ZKJ Holders

Trending news
MoreCrypto prices
More








