World Liberty Financial (WLFI) strengthens its foothold in the DeFi industry by partnering with Ethena Labs. The new initiative aims to integrate the sUSDe token, offering novel opportunities to users.
New Collaboration in the DeFi World
World Liberty Financial and Ethena Labs have announced plans to use the yield-bearing token sUSDe within WLFI's new Aave instance. This collaboration will enhance rewards offered to WLFI users through the distribution of sUSDe and WLF tokens.
USDtb Launch and Crypto Investments
Ethena Labs has announced the launch of its new stablecoin, USDtb, collateralized with BlackRock's BUIDL fund. Additionally, World Liberty Financial recently acquired $600,000 in ENA tokens and began converting stablecoins raised during its token sale and Justin Sun's investment into Ethereum-based tokens like ONDO and ENA.
Long-term Prospects and Aave Platform Integration
The partnership between Ethena and World Liberty Financial is set for long-term collaboration. A proposal has been submitted to WLFI's administration to consider making sUSDe a core collateral asset on the Aave platform, with voting scheduled in the coming days.
The new initiatives between World Liberty Financial and Ethena Labs highlight growing interest and strengthened relations in the DeFi sector. This partnership opens multiple opportunities for further growth and development for both companies.
