Ethena announced a partnership with Donald Trump's cryptocurrency project WLFI. The collaboration has the potential to significantly impact the digital asset markets.
Ethena and WLFI Collaboration
A new proposal suggests integrating sUSDe as the main collateral asset in WLFI’s future Aave model. This could significantly affect stablecoin liquidity and increase its protocol usage.
Proposal Goals and Prospects
The proposal aims to increase WLFI’s TVL and user base by leveraging sUSDe. This cooperation seeks to expand the scale of stablecoin deposit usage. The Ethena Foundation intends to co-incentivize sUSDe deposits to spur market growth.
Implementation Conditions
The implementation of the proposal depends on full approval and activation of the Aave model by Aave management. Upon approval, sUSDe will become the first new collateral asset added to the WLFI market.
The partnership between Ethena and WLFI could open new avenues for users of both projects, enhancing platform resilience and attractiveness to investors.
