Etna Laboratory It has been suggested Integrates its synthetic stablecoin, sUSDeentered World Liberty Financial (WLFI) on December 18.
The proposal stated that the partnership would increase capital efficiency and liquidity at the new WLFI ghost An example of a protocol is a credit market sponsored by an elected president Donald Trump's family
According to Artemis, the partnership is part of Etna's broader mission to expand the sUSDe utility, which has become the third largest stablecoin with a market cap of $6.1 billion. data.
Integration into major DeFi protocols, including Aave, Curve, and Pendle, fueled the emergence of synthetic stablecoins. In addition, sUSDe offers its holders a significant annual interest rate (APY) of 27%.
According to the proposal, sUSDe's role in existing Aave markets has already proven its ability to strengthen market conditions. Within a month of entering the Aave Core and Lido samples, sUSDe achieved $1.2 billion in floated assets, nearly doubling the float rate of over $5 billion stablecoins such as USD Coin.USDC) and Tether USD (USDT).
WLFI gains traction
If the proposal passes governance and the WLFI Aave instance becomes active, the introduction of sUSDe will enable WLFI to increase user rewards due to the stablecoin's high APY, locking in its total value and increasing its monetization.
Additionally, Athena incentivizes sUSDe deposits through its points program and offers additional rewards alongside the native WLF tokens WLFI.
Aave's risk service providers will oversee the deployment to ensure market stability and liquidity optimization.
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Gino Matos
Gino Matos is a law school graduate and seasoned journalist with six years of experience in the crypto industry. His expertise is primarily focused on the Brazilian blockchain ecosystem and developments in decentralized finance (DeFi).
