Ethena (ENA) has partnered with Donald Trump's cryptocurrency project WLFI.
As part of the collaboration, a governance proposal was submitted to integrate sUSDe as the underlying collateral asset in WLFI’s upcoming Aave model.
If the proposal is approved, WLFI users will be able to earn rewards in both sUSDe and WLFI tokens. This integration is expected to significantly increase the stablecoin’s liquidity and increase usage rates on the protocol, following the successful integration of sUSDe into Aave’s Core instance.
The proposal aims to include sUSDe as a suitable collateral asset for WLFI’s Aave v3 model, allowing the platform to leverage Ethena’s Total Value Locked (TVL) and user base. The integration will also facilitate increased usage for stablecoin deposits. To support this, the Ethena Foundation has committed to co-incentivizing sUSDe deposits, which could further fuel market growth.
The implementation of the proposal is subject to the full approval and activation of the Aave model by Aave management. If the integration goes through, sUSDe will be the first new collateral asset added to the WLFI market.
*This is not investment advice.
