The post World Liberty Financial Partners with Ethena Labs to Enhance DeFi Ecosystem with sUSDe Integration appeared first on Coinpedia Fintech News
As per a latest develoment, World Liberty Financial, a decentralized finance (DeFi) platform backed by President-elect Donald Trump, will collaborate with Ethena Labs to enhance its ecosystem. The two firms are looking at “long-term collaboration,” which will kick off with an implementation of Ethena’s yield-bearing token, sUSDe. A governance proposal has been submitted to facilitate this integration. If approved, WLFI users can access sUSDe rewards and WLF token rewards. According to the proposal, the initiative is expected to boost stablecoin liquidity and utilization of the protocol, replicating sUSDe’s success in Aave’s Core and Lido instances.