30s Summary

Decentralized finance platform Ethena has announced a partnership with World Liberty Financial, backed by Donald Trump, to unify Ethena’s sUSDe token with the World Liberty Financial’s Aave instance. This will allow individuals to deposit USDe and earn rewards in sUSDe and World Liberty’s WLF token. Ethena Labs shared a proposal to introduce sUSDe as the first new asset for World Liberty Financial. The move could help to bolster the standing of World Liberty Financial, which is struggling to establish itself and recently received a $30 million investment from crypto investor Justin Sun.

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Ethena, a decentralized finance platform, has announced a cool new partnership with World Liberty Financial, backed by Donald Trump, on December 18. The goal? To unify Ethena’s sUSDe token (a staked version of its USDe “synthetic dollar”) with the Aave instance of World Liberty Financial. This will allow folks to deposit USDe and earn rewards in both sUSDe and World Liberty’s WLF token.

The partnership announcement came via X.com. If this proposal get approval, World Liberty Financial users will be able to earn perks from sUSDe and WLF token rewards. Plus, it will boost the stability and use rates of the sUSDe in Aave’s Core instance.

Ethena Labs shared a proposal to the World Liberty Financial community on December 18, proposing to introduce sUSDe “as the first new asset for the World Liberty Financial market.” According to community forum discussions, sUSDe has already passed risk assessment on the Aave Core and Lido sections. If this proposal goes ahead, Ethena Foundation plans to encourage more supply of sUSDe to the instance through its points program. This should beef up the double stream of rewards for users.

Right now, World Liberty Financial is going through a rough patch, and struggling to establish itself compared to other industry giants. After launching on October 16, it only managed to sell 848.63 million WLFI ($12.7 million) in the first 24 hours. This left around 19.1 billion coins (about $287 million) unsold.

But on November 26, the business got a cash injection when crypto whizkid Justin Sun bought $30 million worth WLF, becoming World Liberty’s largest single token holder in the process. Within a week of Sun’s purchase, the company invested around $30 million in ETH, AAVE, ENA, ONDO, LINK, and cbBTC.