PANews reported on December 19 that according to The Block, the Trump family's crypto project World Liberty Financial (WLFI for short) and Ethena Labs announced that they are seeking "long-term cooperation" and the cooperation will start with the implementation of Ethena's yield token sUSDe.
According to a statement, “As a first step in the collaboration, Ethena and WLFI will explore the potential implementation of sUSDe as the first new token that can be used as collateral on the WLFI protocol, which is powered by Aave. The introduction of sUSDe to WLFI’s upcoming Aave instance will enable the instance to benefit from Ethena’s total value locked (TVL) and user base.” World Liberty Financial’s governance will vote on the measure this week. “If WLFI’s Aave instance is not approved by governance, or sUSDe is not approved as a collateral asset, WLFI and Ethena will continue to explore opportunities for collaboration and are interested in looking for integration points if WLFI’s Aave instance is not approved by governance,” the two companies said.
Wednesday’s announcement comes after World Liberty Financial purchased $600,000 in ENA tokens, according to the statement. A spokesperson for World Liberty Financial said the purchase of ENA tokens “is not directly related to this partnership, but demonstrates WLFI’s confidence in the long-term viability and success of the Ethena network.”
