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World Liberty Financial Partners with Ethena Labs to Enhance DeFi Ecosystem with sUSDe Integration
In a recent development, World Liberty Financial (WLFI), a decentralized finance (DeFi) platform backed by President-elect Donald Trump, has announced its collaboration with Ethena Labs. This partnership aims to significantly enhance the overall DeFi ecosystem by integrating Ethena’s yield-bearing token, sUSDe.
The two firms have expressed their interest in embarking on a long-term collaboration, which will commence with the implementation of Ethena’s innovative token. A governance proposal has been submitted to facilitate this integration and is currently awaiting approval. Once approved, WLFI users will gain access to sUSDe rewards alongside WLF token rewards.
The primary objective behind this initiative is to boost stablecoin liquidity and utilization within the protocol. By replicating the success achieved by Ethena’s sUSDe in Aave’s Core and Lido instances, this partnership has the potential to create a positive impact on the broader DeFi ecosystem.
Stay tuned for more updates on this development as we monitor its progress and impact on the industry!
Source: coinpedia.org
