{"id":43615,"date":"2024-12-18T23:03:54","date_gmt":"2024-12-18T23:03:54","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/ethena-partners-with-trumps-world-liberty-financial-submits-governance-proposal\/"},"modified":"2024-12-18T23:03:54","modified_gmt":"2024-12-18T23:03:54","slug":"ethena-partners-with-trumps-world-liberty-financial-submits-governance-proposal","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/ethena-partners-with-trumps-world-liberty-financial-submits-governance-proposal\/","title":{"rendered":"Ethena partners with Trump\u2019s World Liberty Financial, submits governance proposal"},"content":{"rendered":"<p><b>(Originally posted on : Invezz )<\/b><br \/>\n<\/p>\n<div><\/div>\n<p>Ethena Labs has announced a strategic partnership with Donald Trump-backed World Liberty Financial (WLF).<\/p>\n<p>As part of the collaboration, Ethena aims to integrate its sUSDe token, a staked version of its USDe synthetic dollar, into WLF\u2019s forthcoming Aave v3 instance.<\/p>\n<div class=\"wp-block-kevinbatdorf-xeet-wp xeet-wp\">\n<div class=\"react-tweet-theme Prh5YO6Z7gkcGwVjnX1Q\">\n<article class=\"y3vyxk0KOdMgcSTtzERK\">\n<div class=\"lXRMjX2KYR7IZSOZPFbm\"><a href=\"https:\/\/twitter.com\/ethena_labs\/status\/1869413534125510677\" class=\"nkzum3vS9EE0UMk6wIwD\" target=\"_blank\" rel=\"noopener noreferrer\"><\/p>\n<div class=\"gxuhzv6slGlIBy5JFjVm WcDJEE_clZMJavnkfXYk\"><img src=\"https:\/\/pbs.twimg.com\/profile_images\/1684292904599126016\/f0ChONgU_normal.png\" alt=\"Ethena Labs\" width=\"48\" height=\"48\" loading=\"lazy\"><\/div>\n<div class=\"gxuhzv6slGlIBy5JFjVm\">\n<div class=\"jM__a2FZ4FtvadsBSIC5\"><\/div>\n<\/div>\n<p><\/a><\/p>\n<div class=\"BwMePHrH3rvsmYE498nW\"><a href=\"https:\/\/twitter.com\/ethena_labs\/status\/1869413534125510677\" class=\"oDvOSSsrnTspryAL9YVt\" target=\"_blank\" rel=\"noopener noreferrer\"><\/p>\n<div class=\"YqFZOCD996i_gAbVzqfJ\"><span title=\"Ethena Labs\">Ethena Labs<\/span><\/div>\n<div class=\"k4aQ6nZmsk6GjbvjPKss\"><\/div>\n<p><\/a><\/p>\n<div class=\"T65hgE51dyqUMzAY5hl0\"><a href=\"https:\/\/twitter.com\/ethena_labs\/status\/1869413534125510677\" class=\"jg4rjgPtL89uoWZw81FG\" target=\"_blank\" rel=\"noopener noreferrer\"><span title=\"@ethena_labs\">@ethena_labs<\/span><\/a><\/p>\n<div class=\"IulIEDncuBnezCKlPUfn\"><span class=\"f9i0GrOk4HWCqDStzGHE\">\u00b7<\/span><a href=\"https:\/\/twitter.com\/intent\/follow?screen_name=ethena_labs\" class=\"X9KF8bvQvjpxMkEUAQSg\" target=\"_blank\" rel=\"noopener noreferrer\">Follow<\/a><\/div>\n<\/div>\n<\/div>\n<p><a href=\"https:\/\/twitter.com\/ethena_labs\/status\/1869413534125510677\" class=\"VAKgDYwbCPjVtzvR7vsi\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"View on Twitter\"><\/a><\/div>\n<p class=\"AdGEHCYjGQTkPV_D5imj\"><span>Ethena has entered into a strategic partnership with <\/span><a href=\"https:\/\/twitter.com\/worldlibertyfi\" class=\"LuuFAn5qKGMLl5k1L76T\" target=\"_blank\" rel=\"noopener noreferrer\">@worldlibertyfi<\/a><span><br \/>\nA governance proposal has been submitted to add sUSDe to WLFI&#8217;s upcoming Aave instance as a core collateral asset<\/span><\/p>\n<div class=\"cacqfhueggAloScon8Ff vbELv9queVpQp7_WI5IK\">\n<div class=\"lA2IAt33tV3Va0ux5nae\">\n<div class=\"cMOXrU0jLUAJlX48teJs xeet-video-container\">\n<div class=\"qnLhJK8xTTrk0D3Cnl3W\" style=\"width:unset;padding-bottom:56.25%\"><\/div>\n<p><video class=\"_pM7v0lMKodnLxq5lHUq\" poster=\"https:\/\/pbs.twimg.com\/amplify_video_thumb\/1869413495982436353\/img\/baE2-bEqcmDcP7Wy?format=jpg&amp;name=small\" muted preload=\"metadata\"><\/video><button type=\"button\" class=\"G8YGLOB6NhgrdDuDy82z xeet-video-button\" aria-label=\"View video on Twitter\"><\/button><\/p>\n<div class=\"SNp2hiLmkxEWvkl9b1Jv\"><a href=\"https:\/\/twitter.com\/ethena_labs\/status\/1869413534125510677\" class=\"WMiypCZnQY99jOiNGuaY xeet-watch-link\" target=\"_blank\" data-continue-watching-text=\"Continue watching on Twitter\" rel=\"noopener noreferrer\">Watch on Twitter<\/a><\/div>\n<p><a href=\"https:\/\/twitter.com\/ethena_labs\/status\/1869413534125510677\" class=\"WMiypCZnQY99jOiNGuaY LHq_V_XhXh8xZ9RSiOTB xeet-view-replies\" target=\"_blank\" rel=\"noopener noreferrer\">View replies<\/a><\/div>\n<\/div>\n<\/div>\n<div class=\"_0kiDv1j1JHI8CF0Ntb_\"><a class=\"PF6M5QdjvCYeUIeL82Pw\" href=\"https:\/\/twitter.com\/ethena_labs\/status\/1869413534125510677\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"7:04 PM \u00b7 Dec 18, 2024\">7:04 PM \u00b7 Dec 18, 2024<\/a><a class=\"EUWNvie68q0hB7x9gYil\" href=\"https:\/\/help.twitter.com\/en\/twitter-for-websites-ads-info-and-privacy\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"Twitter for Websites, Ads Information and Privacy\"><\/a><\/div>\n<div class=\"r1nP5SJS7VNmWTX19Auq\"><a class=\"gcUKEvUouWctDVs4Uni5\" href=\"https:\/\/twitter.com\/intent\/like?tweet_id=1869413534125510677\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"Like. This Tweet has 1.0K likes\"><\/p>\n<div class=\"EYp9rp32FVnHEztzLqMG\"><\/div>\n<p><span class=\"aMeAuAqW2H34ePc2jorL\">1.0K<\/span><\/a><a class=\"We700JQVK913TW5TZQk6\" href=\"https:\/\/twitter.com\/intent\/tweet?in_reply_to=1869413534125510677\" target=\"_blank\" rel=\"noopener noreferrer\" aria-label=\"Reply to this Tweet on Twitter\"><\/p>\n<div class=\"SXNJIS9giXWKxuUsSwXx\"><\/div>\n<p><span class=\"qAurmX5F17a0m0GbrhOq\">Reply<\/span><\/a><button type=\"button\" class=\"EDcxfgdhQDFSaBs5yAxC\" aria-label=\"Copy link\" data-xeet-url-to-copy=\"https:\/\/twitter.com\/ethena_labs\/status\/1869413534125510677\"><\/p>\n<div class=\"O1W4EuB8WU92_ex7pGQT\"><\/div>\n<p><span class=\"ovn4FbJMqbXsfiK7gvth\" data-copy-text=\"{&quot;copied&quot;:&quot;Copied!&quot;,&quot;copyAllText&quot;:&quot;Copy link to Tweet&quot;}\">Copy link<\/span><\/button><\/div>\n<div class=\"cjgWV81BwLW_tK8FicCg\"><a class=\"tczCx_QJsiI5O2NPUrfI\" href=\"https:\/\/twitter.com\/ethena_labs\/status\/1869413534125510677\" target=\"_blank\" rel=\"noopener noreferrer\"><span class=\"LW1dI56xN0L7kAXJota7\">Read 67 replies<\/span><\/a><\/div>\n<\/article>\n<\/div>\n<\/div>\n<h2 class=\"wp-block-heading\">Governance proposal to onboard sUSDe as a collateral asset for WLF<\/h2>\n<p>As revealed in the <a target=\"_blank\" href=\"https:\/\/governance.worldlibertyfinancial.com\/t\/proposal-to-onboard-susde-to-world-liberty-financial-aave-instance\/2039\/1\" rel=\"noopener\">announcement<\/a> on December 18, Ethena Labs has submitted a governance proposal to onboard sUSDe as the first collateral asset for WLF\u2019s market.<\/p>\n<p>The governance proposal outlines multiple benefits for the integration of sUSDe. It cites the token\u2019s proven ability to boost stablecoin deposit rates and attract capital flows.<\/p>\n<p>On Aave Core, sUSDe\u2019s integration increased supply rates for stablecoins like USDC, USDT, and USDS, creating a multiplier effect that benefited liquidity providers. <\/p>\n<p>Ethena\u2019s co-incentive program promises additional rewards for users depositing sUSDe, amplifying the appeal for WLF users.<\/p>\n<p>Moreover, the proposal seeks to align WLF\u2019s rates with broader DeFi market standards. <\/p>\n<p>Poor relative rates could hinder WLF\u2019s ability to attract deposits, but sUSDe\u2019s integration positions the platform to compete effectively. <\/p>\n<p>The Ethena Foundation has also committed to co-incentivizing sUSDe deposits through its points program, further encouraging market growth.<\/p>\n<p>If approved, this integration will enable users to deposit USDe and earn dual rewards in sUSDe and WLF tokens.<\/p>\n<p>Ethena\u2019s sUSDe has demonstrated remarkable performance on other platforms, such as Aave Core and Lido, where it reached $1.2 billion in supplied assets in under a month. <\/p>\n<p>Its introduction to WLF\u2019s market is expected to enhance stablecoin liquidity and utilization rates, potentially solidifying WLF as a premier platform for stablecoin lending and borrowing.<\/p>\n<h2 class=\"wp-block-heading\">World Liberty Financial aims to tap into Ethena\u2019s extensive DeFi network<\/h2>\n<p>The partnership comes at a pivotal moment for WLF, which has faced challenges in establishing itself among DeFi\u2019s major players.<\/p>\n<p>Following a lacklustre launch in October, the platform sold just $12.7 million of its WLFI tokens, leaving a substantial portion unsold. <\/p>\n<p>However, a $30 million investment by cryptocurrency entrepreneur Justin Sun in November provided a financial boost, enabling WLF to acquire assets such as ETH, AAVE, ENA, and <a href=\"https:\/\/invezz.com\/news\/2024\/12\/16\/ondo-price-hits-new-ath-as-trumps-world-liberty-financial-purchases-134216-tokens\/\">most recently ONDO<\/a>.<\/p>\n<p>This collaboration with Ethena is seen as a potential turning point. <\/p>\n<p>By integrating sUSDe, WLF hopes to tap into Ethena\u2019s extensive DeFi network and leverage its successful track record.<\/p>\n<p>Ethena, supported by prominent backers like Binance Labs and Fidelity Ventures, has rapidly grown since its launch in early 2024, achieving nearly $6 billion in total value locked (TVL), and the partnership will reinforce its role as a key player in driving innovation across the DeFi ecosystem.<\/p>\n<p>The post <a href=\"https:\/\/invezz.com\/news\/2024\/12\/18\/ethena-partners-with-trumps-world-liberty-financial-submits-governance-proposal\/\">Ethena partners with Trump\u2019s World Liberty Financial, submits governance proposal<\/a> appeared first on <a href=\"https:\/\/invezz.com\/\">Invezz<\/a><\/p>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><br \/>\n<br \/><a href=\"https:\/\/invezz.com\/news\/2024\/12\/18\/ethena-partners-with-trumps-world-liberty-financial-submits-governance-proposal\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Invezz ) Ethena Labs has announced a strategic partnership with Donald Trump-backed World Liberty Financial (WLF). As part of the collaboration, Ethena aims to integrate its sUSDe token, a staked version of its USDe synthetic dollar, into WLF\u2019s forthcoming Aave v3 instance. Ethena Labs @ethena_labs \u00b7Follow Ethena has entered into a [&hellip;]<\/p>\n","protected":false},"author":7,"featured_media":43616,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[39],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/43615"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=43615"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/43615\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/43616"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=43615"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=43615"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=43615"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}