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Key Takeaways
World Liberty Monetary is integrating the sUSDe stablecoin into its DeFi ecosystem with Ethena.
WLFI’s portfolio growth contains $500,000 funding in Ethena and $250,000 in Ondo.
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Donald Trump-backed crypto undertaking World Liberty Monetary (WLFI) is partnering with Ethena to combine the sUSDe stablecoin as a core collateral asset in WLFI’s upcoming Aave v3 occasion.
The proposal beneath assessment would allow sUSDe deposits with twin rewards in sUSDe and WLFI’s native WLF tokens.
These rewards goal to draw customers to the platform whereas enhancing liquidity.
Within the unlikely occasion that the WLFI Aave occasion is just not authorized by governance, or sUSDe is just not greenlit as a collateral asset, WLFI and Ethena said they “would proceed to discover alternatives to collaborate with the complete intention of discovering factors of integration,” as reported by The Block.
Constructing on its growth technique, WLFI has considerably elevated its digital asset portfolio.
The establishment not too long ago invested $500,000 in Ethena and $250,000 in Ondo, alongside substantial holdings in ETH, AAVE, LINK, and cbBTC.
WLFI’s portfolio now totals $83 million, with ETH representing the biggest share at $57 million, in accordance with knowledge from Arkham Intelligence.
The sUSDe stablecoin, central to the proposal, has demonstrated robust market traction since its integration into Aave’s Core and Lido cases in November.
Inside only one month, sUSDe amassed $1.2 billion in provided belongings, boosting provide charges on over $5 billion of USDC, USDT, and USDS liquidity.
This initiative, mixed with WLFI’s WLF token rewards, seeks to create a compelling worth proposition for customers and place the Aave v3 occasion as a aggressive DeFi vacation spot.
WLFI’s transfer into DeFi coincides with former President Donald Trump’s election and his alerts of lowering regulatory stress on digital belongings.
In a bid to strengthen its presence within the sector, WLFI not too long ago appointed Tron founder Justin Solar as an advisor. This adopted a $30 million funding by HTX, a crypto change linked to Solar.
In the meantime, Ethena continues to innovate inside its ecosystem, having not too long ago launched a BlackRock-backed stablecoin to reinforce its choices.
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