CCT - Crypto Currency Tracker logo CCT - Crypto Currency Tracker logo
coinpedia 2024-12-18 20:28:43

World Liberty Financial Partners with Ethena Labs to Enhance DeFi Ecosystem with sUSDe Integration

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.

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.