Aave DAO delegate and service provider Aave Chan Initiative has initiated a proposal on the crypto lender's governance forum to deploy Aave v3 on Sonic.

The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.

Ethena Labs (ENA), a synthetic dollar protocol backed by BitMEX founder Arthur Hayes, is announcing a partnership with President-elect Donald Trump's decentralized finance (DeFi) project. In a new announcement on the social media platform X, Ethena Labs says it has entered into a strategic partnership with World Liberty Financial (WLFI).

Ethena has built a voting proposal for adding USDe as a major collateral asset to World Liberty Financial. The vote will take place after the official approval and launch of World Liberty Fi, the DeFi project backed by the Trump family.

As 2024 nears its close, the cryptocurrency market is once again showcasing its dynamic and volatile nature, capturing the attention of traders and investors navigating shifting trends.

Ethena Labs announced today that it is partnering with World Liberty Financial (WLFI), Donald Trump's token project. Together, they will list the sUSDe token from Ethena as a collateral asset on WLFI's Aave v3 instance.

Ethena Labs wants to integrate its staked synthetic dollar with World Liberty Financial, a DeFi protocol backed by President-elect Donald Trump.

Ethena Labs proposed integrating its synthetic stablecoin, sUSDe, into World Liberty Financial (WLFI) on Dec. 18. The proposal stated that this partnership would boost capital efficiency and liquidity in WLFI's new Aave instance.

The announcement comes fresh on the heels of World Liberty's purchase of $500,000 worth of ENA tokens.

TL;DR World Liberty Financial, backed by Donald Trump, is seeking a long-term collaboration with Ethena Labs, starting with the integration of sUSDe as collateral in its DeFi protocol.

The initial proposal from Morpho Labs and Allez Labs sought to capture a 7% yield from stablecoins held in Polygon's proof-of-stake bridge.

Polygon, the Ethereum sidechain, has raised concerns over Aave's recent actions, accusing the DeFi platform of employing anti-competitive strategies to stifle competing protocols.

Ethena Labs has announced a strategic partnership with World Liberty Financial (WLFI), a cryptocurrency project backed by President-elect Donald Trump. The collaboration aims to enhance stablecoin liquidity and boost user rewards across WLFI's DeFi platforms.

World Liberty Financial has partnered with Ethena Labs to integrate Ethena's yield-bearing token, sUSDe.

The two firms are looking at "long-term collaboration" that will kick off with an implementation of the Ethena's yield-bearing token, sUSDe.

TL;DR Polygon accuses Aave of anti-competitive tactics following a dispute over a proposal within Aave DAO governance regarding the use of bridge funds for yield farming. Aave defends its decisions as necessary to manage risks and protect the community, rejecting the accusations.

Ethereum sidechain Polygon has accused Aave of using anti-competitive tactics to muscle out competing DeFi protocols. This is a reaction to the proposal on Aave DAO about whether the leading DeFi protocol should exit the Polygon network.

Polygon, one of the largest Ethereum layer-2 networks, has accused the DeFi lending platform Aave of adopting monopolistic practices. This dispute arises from a proposal to allocate locked bridge funds to yield-generating strategies, which Aave opposes.

Aave proposes freezing bridged assets on Polygon to mitigate risks. Polygon's governance opposes Aave's proposal, citing anti-competitive concerns.

USDtb has reportedly passed rigorous audits and is backed by custodians like Copper and Coinbase Institutional.

The $ENA utility token underpinning crypto-native synthetic dollar protocol Ethena has risen 13% in the last seven days, outperforming market leaders Bitcoin ($BTC) and Ethereum ($ETH) over the same period.

Aave (AAVE), the leading decentralized lending protocol, has surged to its highest levels since 2021, reaching a peak of $397 on December 16.

AAVE price stalls near the key resistance level at $400, pausing its strong rally that began in April. This uptrend followed by consoldiation coincides with accumulation by large investors and spike in active addresses, hinting at another leg up.

Ethena Labs has launched USDtb, a new stablecoin backed by BlackRock's BUIDL fund, featuring cross-chain functionality and multiple security audits, while showing strong market performance through its native token ENA.

Ethena Labs launched its USDtb stablecoin, backed by BlackRock's USD Institutional Digital Liquidity Fund while clocking $65 million in total-value-locked (TVL) on the first day.

This stablecoin is backed by BlackRock's BUIDL token, a money market fund tokenized with the help of Securitize. The big idea?

Ethena, an innovative platform in the DeFi world, has announced the launch of the stablecoin USDTB, backed by BlackRock.

Ethena has launched its new stablecoin, USDtb, backed primarily by BlackRock's BUIDL fund.

Ethena Labs has launched its BlackRock-backed USDtb stablecoin, attracting $65.4 million in total value locked within its first 24 hours.

Ethena's USDtb has already amassed more than $65 million in total value locked on the opening day.

Ethena Labs announced the launch of its USDtb stablecoin, which will leverage BlackRock's tokenized fund, USD Institutional Digital Liquidity Fund (BUIDL), for 90% of its backing. According to the Dec. 16 announcement, the partnership was facilitated by Securitize.

Ethena Labs has launched USDtb, a new stablecoin backed by BlackRock's USD Institutional Digital Liquidity Fund, offering a 1:1 reserve ratio and designed for seamless transfers across multiple networks, enhancing stability and liquidity. The post Ethena Labs Launches USDtb Stablecoin Backed by BlackRock Liquidity Fund appeared first on Cryptonews.

The Aave community is evaluating a proposal to withdraw the lending protocol from Polygon's Proof-of-Stake (PoS) chain. In the Dec.

Ethena Labs is announcing the launch of a new US dollar-pegged stablecoin that will be backed by BlackRock's USD Institutional Digital Liquidity Fund (BUIDL). According to a new announcement from the Arthur Hayes-backed crypto protocol, the new stablecoin, USDtb, will be Ethena's second stablecoin offering, following the project's flagship stablecoin USDe.

Ethena Labs launched a new stablecoin today called ‘USDtb.' Nearly 90% of the stablecoin's reserves are backed by BlackRock's BUIDL tokenized fund.

Aave (AAVE) became the app with the highest value locked, with the exception of liquid staking hub LidoDAO.

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Ethena Labs has introduced USDtb, a stablecoin that's got the backing of Blackrock's USD Institutional Digital Liquidity Fund (BUIDL). Ethena Unveils USDtb, a New Stablecoin With Blackrock Support Crafted in collaboration with Securitize, a top dog in real-world asset (RWA) tokenization, USDtb brings cash-backed steadiness and the magic of cross-chain operations to the table.

Ethena Labs has launched USDtb, a 1:1 dollar-pegged stablecoin with multiple utilities in view.

Aave founder Marc Zeller has proposed new risk parameters on Polygon in response to plans to farm over $1 billion in stablecoin reserves.

Aave founder Marc Zeller has proposed new risk parameters on Polygon in response to plans to farm over $1 billion in stablecoin reserves.

The Aave community is caught between a rock and a hard place after contributor group Aave Chan advocated withholding lending services from Polygon's poS chain. This is in response to another Polygon community request to use over $1 billion in bridge assets for yield generation.

TL;DR Ethena has launched its much-anticipated stablecoin, USDtb, backed by BlackRock's BUIDL fund, marking a significant milestone for the company. USDtb is designed to provide a stable and secure digital asset, with over 90% of its reserves held in BlackRock's BUIDL fund and the remaining 10% in stablecoins to facilitate redemptions.

Ethena Labs introduces USDtb stablecoin backed by BlackRocks BUIDL, designed to stabilize USDe and provide cross-chain transfers on LayerZero. The post Ethena Labs debuts USDtb backed by BlackRock's BUIDL appeared first on Crypto Briefing.

The demand for AAVE has significantly spiked since the support of the DeFi protocol by Donald Trump-backed World Liberty Financials (WLFI).

TL;DR Aave Chan proposes adjustments to its services to mitigate risks associated with bridged assets on Polygon. Polygon is evaluating a strategy to leverage $1.3 billion in inactive stablecoins on its network. Security in decentralized finance remains the primary focus of both proposals.

Ethena Labs has introduced a new stablecoin, USDtb, backed by BlackRock's USD Institutional Digital Liquidity Fund.