“Trump-supported WLFI partners with Ethena, ENA price is about to soar!”
Ethena Labs announces a partnership with World Liberty Financial (WLFI) to promote the stablecoin sUSDe as the core collateral for WLFI's new Aave platform. This move aims to enhance stablecoin liquidity while providing WLFI users with higher rewards and more usage scenarios.
Stablecoin Integration: sUSDe is expected to become the first core collateral asset for the WLFI Aave instance, offering users new pathways to purchase stablecoins like USDC and USDT. Ecosystem Synergy: Ethena's substantial TVL and user base will enhance the utilization and influence of the WLFI platform, solidifying both parties' positions in the DeFi space. Governance Proposal Voting: The WLFI governance community will vote on the proposal this week, and if approved, it will have far-reaching impacts on both platforms.
Following the news release, the native token ENA of Ethena has experienced increased volatility, with prices oscillating between $1.05 and $1.14. Despite a short-term price decline, trading volume surged by 17.81%, reflecting heightened market enthusiasm.
Once the proposal is approved, the demand for sUSDe may increase significantly, attracting more users to the WLFI platform while enhancing the market value of ENA. This collaboration could bring a more efficient liquidity management model to DeFi.
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