news 
Title: Donald Trump’s WLFI Partners Ethena Labs, What’s Cooking?
Donald Trump’s World Liberty Financial (WLFI) has surprisingly partnered with DeFi platform Ethena Labs in a move that could significantly impact the stablecoin market. The collaboration will see the incorporation of Ethena’s staked USDe token (sUSDe) into WLFI’s Aave-based platform.
The partnership allows users to stake USDe and earn dual rewards, consisting of sUSDe and WLF tokens. This integration aims to improve liquidity and stablecoin utilization on the protocol, echoing Ethena’s success with Aave’s core instance.
Ethena Labs has proposed sUSDe as a new collateral asset for WLFI’s market. The proposal emphasizes that sUSDe has already undergone rigorous risk evaluations on platforms like Aave Core and Lido. If approved, Ethena plans to incentivize the initiative through its points program, supporting dual rewards for participants.
WLFI has faced challenges since its October 16 launch, with only $12.7 million worth of WLFI tokens sold during its debut. However, a significant boost was seen when Justin Sun invested $30 million in WLF tokens on November 26. Following the investment, WLFI allocated roughly $30 million to acquire assets such as ETH, AAVE, and LINK, signaling efforts to strengthen its market position.
It remains to be seen whether this new partnership with Ethena will mark a turning point for the project.
Source: www.cryptonewsz.com
