cryptojournalist
Ethena Labs has partnered with World Liberty Financial, a crypto platform backed by Donald Trump, to integrate its sUSDe token. This collaboration allows users to deposit Ethena’s synthetic dollar (USDe) and earn dual rewards in sUSDe and WLF tokens.
Enhancing Rewards and Liquidity
Announced on X.com, the partnership focuses on improving stablecoin liquidity. By integrating sUSDe into World Liberty Financial’s Aave-powered system, users can earn rewards from both platforms, mirroring Ethena’s success with Aave Core.
Community Approval in Progress
Ethena has proposed adding sUSDe as a collateral asset to World Liberty Financial’s platform. The token has already cleared risk assessments on other platforms. To encourage adoption, Ethena plans to offer rewards to users who supply sUSDe.
Challenges and Recent Moves
World Liberty Financial has struggled to gain traction, with a disappointing launch for its WLFI token. However, Justin Sun’s $30 million investment in November provided a boost. The company has since reinvested in major cryptocurrencies, including ETH and AAVE, to strengthen its portfolio.
