Ethena Becomes a Strategic Partner with Trump’s DeFi Project

World Liberty Financial (WLFI), a DeFi project advised by former President Donald Trump’s family, has announced a strategic partnership with Ethena Labs (ENA). The first step in this long-term collaboration is the deployment of sUSDe, Ethena’s yield-generating token.

Under the plan, sUSDe may become the first collateral asset on WLFI’s protocol, supported by the Aave platform. This move aims to leverage Ethena’s large Total Value Locked (TVL) and its vibrant user community. The final decision will be made through WLFI’s governance process this week. Even if the proposal to integrate sUSDe is not approved, both parties remain committed to exploring other collaborative opportunities.

The sUSDe token has demonstrated its market appeal with impressive growth on Aave. Within just one month of being integrated into Aave Core and the Lido instance in mid-November, the total supplied assets reached $1.2 billion. This integration has not only boosted the volume of stablecoins deposited into the protocol but also expanded the use of sUSDe as collateral for borrowing popular stablecoins like USDC and USDT.

Reflecting confidence in Ethena’s future, WLFI has invested $600,000 in the project’s ENA token. Zak Folkman, co-founder of WLFI, emphasized that this partnership is a significant step toward democratizing financial tools, aiming to enhance user experience and expand global financial accessibility.

Related: Trump DeFi Project Struggles to Sell Tokens in WLFI Sale

Interestingly, while WLFI focuses on Ethereum, the project’s advisors, Donald Trump and his son Eric Trump, have expressed strong support for Bitcoin after the cryptocurrency surpassed the $100,000 mark. The community anticipates that Bitcoin will continue its robust growth under President Donald Trump’s leadership.