Suggested by Ethena Labs On December 18th, we integrated the synthetic stablecoin sUSDe into World Liberty Financial (WLFI).
The proposal states that the partnership will improve capital efficiency and liquidity for WLFI's new Aave instance. The Protocol is a credit market backed by President-elect Donald Trump's family.
According to Artemis, the partnership comes as part of Ethena's broader mission to expand the utility of sUSDe, which has become the third-largest stablecoin with a market capitalization of $6.1 billion. data.
Integration between major DeFi protocols such as Aave, Curve, and Pendle has fueled the rise of synthetic stablecoins. Additionally, sUSDe offers holders a significant annual percentage yield (APY) of 27%.
According to this proposal, sUSDe's role in Aave's existing market has already proven its ability to expand the market landscape. Within a month of onboarding to Aave Core and Lido instances, sUSDe achieved $1.2 billion in supply assets and over $5 billion in stablecoin assets such as USD Coin (USDC) and Tether USD (USDT). We have almost doubled our supply rate.
WLFI gains momentum
If the proposal passes governance and the WLFI Aave instance goes live, by introducing sUSDe, WLFI will enhance user rewards with the stablecoin's high APY, increase total locked value, and increase revenue generation. You can increase it.
Additionally, Ethena will co-incentivize sUSDe deposits through a points program and provide additional rewards along with WLFI’s native WLF token.
Aave's risk service provider will oversee the deployment to ensure market stability and optimize liquidity.
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gino matos
Gino Matos is a law school graduate and veteran journalist with six years of experience in the cryptocurrency industry. His expertise is primarily focused on the Brazilian blockchain ecosystem and decentralized finance (DeFi) development.
