Trump's encryption project WLFI joins hands with Ethena, first introducing USDe Stable Coin as collateral assets in Aave

World Liberty Financial (WLFI), the encryption project supported by US President-elect Trump, announced a partnership with Stable Coin protocol Ethena Labs to introduce Ethena's income-based Stable Coin USDe into the Ethereum lending protocol Aave as collateral assets, further expanding the Decentralized Finance market.

As the first step of the plan, USDe will be used as collateral for WLFI.

According to WLFI's Twitter, WLFI will try to introduce USDe into Ethereum lending protocol AAVE and use it as an asset that users can use for collateral. This plan needs to be approved by WLFI's community vote before it can be implemented.

Assuming the plan is approved, the introduction of USDe is expected to increase the WLFI's Total Value Locked (TVL) and also boost the deposits of Stable Coins (USDC, USDT). According to the statements from WLFI and Ethena, USDe has performed remarkably well on the Aave platform. Since its launch on Aave in mid-November 2023, USDe has accumulated approximately $1.2 billion in TVL in just one month. This indicates that USDe has a certain degree of market appeal and utility value.

If the plan is not approved, there are still other integration opportunities.

WLFI community is expected to vote this week on whether to introduce USDe as collateral. Assuming the plan does not pass, WLFI and Ethena still intend to continue collaborating and will also look for other ways to facilitate different collaboration opportunities.

In addition, WLFI also purchased $500,000 worth of Ethena token ENA on 12/17, although it is not directly related to this cooperation, this move demonstrates WLFI's support and confidence in the future development of Ethena. Since WLFI announced the cooperation with Ethena, the Ethena token ENA has also risen by 12%.

(Trump's encryption project WLFI spent another 250,000 Euros to buy $ONDO, spending nearly 45 million Euros in December to sweep coins)

This article, Trump's encryption project WLFI collaborates with Ethena to introduce USDe Stable Coin as collateral assets, first appeared in ChainNews ABMedia.

USDE-0.04%
AAVE-3.21%
ENA-1.96%
ETH-1.58%
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