Trumps Crypto Project Just Made Game-Changing Ethereum Deal
- Trump-backed DeFi initiative, WLF, joined hands with Ethereum-powered DeFi firm Ethena Labs to onboard sUSDe, a yield-bearing token.
- WLF acquired $750 ENA tokens, expanding its crypto foothold deep into the space.
- The DeFi platform gained traction since the former president returned to the White House in November.
Donald Trumps backed World Liberty Financial (WLF), has partnered with Ethereum-based DeFi platform Ethena Labs. The move is aimed at exploring sUSDe integration into WLFIs lending platform, bringing new opportunities for DeFi users worldwide.
The governance proposal includes adding sUSDe as a core collateral asset for WLFIs upcoming Aave instance. If approved, WLFI users will receive sUSDe rewards and WLF token incentives. The two firms said on Wednesday that they are looking at long-term collaboration, which will kick off with an implementation of Ethenas yield-bearing token, sUSDe.
As a first step in the collaboration, Ethena and WLFI will explore the potential implementation of sUSDe as the first new token available as collateral on the WLFI protocol, backed by Aave according to a statement. Introducing sUSDe into WLFIs forthcoming Aave instance would enable the instance to benefit from the large TVL and user base of Ethena.
World Liberty Financials governance will take a decision on the proposal this week.
Trumps Firm Makes Bold Crypto Moves with $250K $ENA Buy
Donald Trumps World Liberty Financial has bought 231,726 $ENA tokens for $250K $USDC following a partnership with @ethena_labs. Since November 30, the fledgling crypto initiative has spent $45M acquiring six crypto assets, including: 8,105 $ETH ($30M)102.9 $cbBTC,103.15 $WBTC ($10M) 78,387 $LINK ($2M) 6,137 $AAVE ($2M) 741,681 $ENA ($750K) 134,216 $ONDO ($250K).
The strategic investments already reflect gains across assets, signaling confidence in cryptos long-term potential. The DeFi platform appears to be gaining traction steam since the former president was elected to return to the White House in November. At the end of last month, World Liberty Financial appointed Tron founder Justin Sun as an advisor. That move followed HTX, the crypto exchange linked to Sun, investing $30 million in World Liberty.
Read more: https://www.tronweekly.com/trump-project-game-changing-deal/
Text source: TronWeekly
