- Trump-backed DeFi initiative WLF has partnered with Ethereum-powered DeFi company Ethena Labs to integrate sUSDe, a yield-bearing token.
- WLF has acquired $750 worth of ENA tokens, expanding its crypto presence deep into the space.
- The DeFi platform has gained traction since the former president returned to the White House in November.
Donald Trump-backed World Liberty Financial (WLF) has partnered with Ethereum-based DeFi platform Ethena Labs. The move aims to explore the integration of sUSDe into WLFI’s lending platform, providing new opportunities for DeFi users around the world.
The governance proposal includes the addition of sUSDe as a base collateral asset for the next Aave instance of WLFI. If approved, WLFI users will receive sUSDe rewards and WLF token incentives. The two companies said Wednesday that they are considering a “long-term collaboration,” which will begin with the implementation of Ethena’s yield-bearing token, sUSDe.
“As a first step in the collaboration, Ethena and WLFI will explore the potential implementation of sUSDe as the first new token available as collateral on the WLFI protocol, backed by Aave,” according to a statement. “Introducing sUSDe into WLFI’s next Aave instance… would allow the instance to benefit from Ethena’s vast TVL and user base.”
World Liberty Financial governance will make a decision on the proposal this week.
Trump’s Firm Takes Bold Crypto Moves With $250,000 Purchase of ENA
Donald Trump’s World Liberty Financial purchased 231,726 $ENA tokens for $250,000 USDC following a partnership with @ethena_labs. Since November 30, the newest crypto initiative has spent $45 million to acquire six crypto assets, including: $8,105 ETH ($30 million) $102.9 cbBTC, $103.15 WBTC ($10 million) dollars) $78,387 LINK ($2 million) $6,137 AAVE ($2 million) ) 741 $681ENA ($750,000) $134,216ONDO ($250,000).
Strategic investments are already reflecting gains across assets, demonstrating confidence in crypto’s long-term potential. The DeFi platform appears to be gaining traction since the former president was elected to return to the White House in November. Late last month, World Liberty Financial appointed Tron founder Justin Sun as an advisor. The move follows HTX, the Sun-linked crypto exchange, investing $30 million in World Liberty.
