World Liberty Financial (WLFI), a company associated with the Trump family, has announced a long-term partnership with the Ethena project.
??? Excited to announce the collaboration between World Liberty Financial (WLFI) and Ethena Labs! ???
First step: exploring sUSDe integration into WLFI’s lending platform, bringing new opportunities for DeFi users worldwide.https://t.co/HvGDHcJTXW
— WLFI (@worldlibertyfi) December 18, 2024
One of the initial collaborative steps will be the integration of the sUSDe token as a collateral asset for WLFI in Aave v3.
“The integration will also help increase stablecoin deposits in WLFI, driven by the popularity of sUSDe as a collateral asset for lending coins like USDC and USDT,” the partners stated.
Developers at Ethena Labs have submitted a relevant proposal for consideration by the World Liberty Financial community. The integration of sUSDe also depends on the outcome of a vote regarding the launch of the WLFI protocol in Aave.
The vote on adding sUSDe is planned to be held by December 22. Even if approval is not granted, the partners have promised to continue exploring collaboration opportunities and find integration points.
On December 9, WLFI purchased approximately $500,000 in ENA — Ethena tokens. At the time of writing, its balance includes $69.5 million in ETH, cbBTC, AAVE, and other assets.
According to company co-founder Chase Herro, the purchase is unrelated to the partnership agreement but illustrates “faith in the long-term viability and success of the Ethena network.”
According to Lookonchain, between December 17 and 19, an unnamed whale created a new wallet and purchased 8 million ENA tokens for $9.2 million. Experts speculated that the user “followed WLFI’s lead.”
The Trump sons presented the World Liberty Financial project in September 2024. According to the project’s gold paper, 75% of net income will go to DT Marks DEFI, a company associated with the newly elected US president.
Back in late October, Ethena developers were accused of appropriating 180 million ENA for farming.