Ethena Labs (ENA), a synthetic dollar protocol backed by BitMEX founder Arthur Hayes, announces a partnership with President-elect Donald Trump’s decentralized finance (DeFi) project.
In a new announcement on social media platform X, Ethena Labs announces that it has entered into a strategic partnership with World Liberty Financial (WLFI).
According to Ethena Labs, the collaboration will bring Ethena Staked USDe (sUSDe) – a yield-bearing token that inventors can stake – to the DeFi platform.
“A governance proposal has been submitted to add sUSDe to WLFI’s upcoming Aave instance as a core collateral asset,
If passed, this proposal will allow World Liberty Financial users to benefit from sUSDe rewards as well as WLFI token rewards. This integration will increase stable coin liquidity and protocol usage rates, as the sUSDe integration did on the Aave main instance.
However, proposed changes must go through the Ethena governance process before being implemented.
“We are proposing the implementation of sUSDe as the first new collateral asset on the World Liberty Financial market…
If this proposal is adopted and implemented, the Ethena Foundation is prepared to co-incentivize the sUSDe offering to come to the proceeding through its points program, making World Liberty Financial users eligible for additional Ethena rewards in over sUSDe APY.
World Liberty Financial launched earlier this year. At the time, the project released a roadmap, stating that its goal was to spread stablecoins linked to the US dollar and the concept of decentralized finance throughout the world, and to help those who are disenfranchised by banks.
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