Ethena Labs You can find out more about this by clicking here. World Liberty Financial, WLFI, will be integrating sUSDe (the synthetic stablecoin) into its system on Dec. 18, 2018.
The proposal stated that this partnership would boost capital efficiency and liquidity in WLFI’s new Aave instance. The protocol is a credit market backed by President-elect Donald Trump’s family.
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 $6.1 billion market cap, according to Artemis The following are some of the most effective ways to increase your ROI:.
The rise of synthetic stablecoins was fueled by integrations between major DeFi protocol, such as Aave Curve and Pendle. sUSDe holders also receive a 27% annual percentage yield.
According to the proposal, sUSDe’s role in Aave’s existing markets has already proven its ability to amplify market conditions. In less than a month after its integration with Aave’s Core and Lido instances sUSDe had generated $1.2 billion worth of assets. This was nearly double the supply rate of over $5 billion USD Coin (USDC), and Tether USD.
WLFI is gaining traction
Should the proposal pass governance and the WLFI Aave instance go live, introducing sUSDe will enable WLFI to enhance users’ rewards due to the stablecoin’s high APY, grow its total value locked, and boost its revenue generation.
Additionally, Ethena will co-incentivize sUSDe deposits through its points program, offering additional rewards alongside WLFI’s native WLF tokens.
Aave’s risk service providers will oversee the deployment to ensure market stability and optimize liquidity.
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