Key Takeaways
- World Liberty Financial is integrating the sUSDe stablecoin into its DeFi ecosystem with Ethena.
- WLFI’s portfolio expansion includes $500,000 investment in Ethena and $250,000 in Ondo.
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Donald Trump-backed crypto project World Liberty Financial (WLFI) is partnering with Ethena to integrate the sUSDe stablecoin as a core collateral asset in WLFI’s upcoming Aave v3 instance.
The proposal under review would enable sUSDe deposits with dual rewards in sUSDe and WLFI’s native WLF tokens.
These rewards aim to attract users to the platform while enhancing liquidity.
In the unlikely event that the WLFI Aave instance is not approved by governance, or sUSDe is not greenlit as a collateral asset, WLFI and Ethena stated they “would continue to explore opportunities to collaborate with the full intention of finding points of integration,” as reported by The Block.
Building on its expansion strategy, WLFI has significantly increased its digital asset portfolio.
The institution recently invested $500,000 in Ethena and $250,000 in Ondo, alongside substantial holdings in ETH, AAVE, LINK, and cbBTC.
WLFI’s portfolio now totals $83 million, with ETH representing the largest share at $57 million, according to data from Arkham Intelligence.
The sUSDe stablecoin, central to the proposal, has demonstrated strong market traction since its integration into Aave’s Core and Lido instances in November.
Within just one month, sUSDe accumulated $1.2 billion in supplied assets, boosting supply rates on over $5 billion of USDC, USDT, and USDS liquidity.
This initiative, combined with WLFI’s WLF token rewards, seeks to create a compelling value proposition for users and position the Aave v3 instance as a competitive DeFi destination.
WLFI’s move into DeFi coincides with former President Donald Trump’s election and his signals of reducing regulatory pressure on digital assets.
In a bid to strengthen its presence in the sector, WLFI recently appointed Tron founder Justin Sun as an advisor. This followed a $30 million investment by HTX, a crypto exchange linked to Sun.
Meanwhile, Ethena continues to innovate within its ecosystem, having recently launched a BlackRock-backed stablecoin to enhance its offerings.
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