The Trump family's DeFi project, World Liberty Financial, is proposing integration with Aave V3

The Trump family’s DeFi project, World Liberty Financial, is proposing integration with Aave V3

by

  1. World Liberty Financial (WLF), a DeFi project associated with the Trump family, has announced its integration with Aave V3 on the Ethereum mainnet.
  2. An initial launch on Ethereum could be followed by an expansion to Scroll, Ethereum’s Layer 2 solution, to lower transaction costs and attract a wider user base.
  3. WLF also plans to launch a non-transferable management token, WLFI, which will only be accessible to accredited investors and will be used for team management and compensation.

World Liberty Financial (WLF), project Call controversial because of its links to The Trump familyrecently proposed to launch its platform v building on Aave V3one of the most respected lending and borrowing protocols on the Ethereum blockchain.

This announcement marks a major step for the project as it seeks to fully integrate into the ecosystem Call. Users WLF thus, it will be able to borrow or lend digital assets such as ETH, WBTC, as well as stablecoins USDC and USDT.

Why Aave? The market leader’s choice

According to a statement on social network X (formerly Twitter), the WLF team chose Aave because of his “superior security and reliable results.” Often considered a benchmark in the DeFi sector, the protocol stands out for its decentralized and secure lending system that allows users to lend their digital assets while generating interest by borrowing from other users.

Aave it also has a reserve factor, a system that will allow in this case WLF donate 20% of generated interest to the Aave ecosystem reserve. This will be done through a trusted smart contract that will guarantee transparency and security for stakeholders.

First step: integration with future ambitions

Commencement World Liberty Financial on Aave V3 it will only be the first step in a broader strategy. If the integration on the Ethereum mainnet proves successful, the project plans to expand towards Scrolla layer 2 solution from Ethereum. This expansion could improve efficiency and reduce transaction costs while attracting a wider and more diverse user base.

Marc Zellerfounder of the initiative Aave chainexpressed enthusiasm for this collaboration. Although he specified that he had no direct contact with the former president TrumpZeller and his team offered to help to help WLF master the use of Aave technology. He said he was “excited that the WLF team offers a unique integration of the Aave technology stack.”

WLFI Token Launch and Importance of Accredited Investors

During the live broadcast that took place on September 16, the team of Fr WLF confirmed that it will launch a non-transferable management tokenbaptized WLFIwhich will be accessible only to accredited investors. This token will be distributed strategically: 63% will be sold to the public, 17% will be reserved for user rewards, and 20% will go to team compensation. This model aims to strike a balance between public funding, user retention and management team compensation.

However, the project World Liberty Financial is not uniform in the field. Despite the generally positive reception former President Trump has been receiving in the cryptocurrency space, the WLF has drawn mixed reactions. Some observers have expressed doubts about the political motivations behind this initiativewhile others believe the project could attract a new audience to DeFi, an area still largely unknown to the general American public. Today, although more than 57 billion dollars are seeded into major DeFi protocols, including Ethereum, Solana, and Tron, DeFi remains a sector with few users compared to its potential.

A protocol that strengthens Aave’s position in the DeFi market

Commencement World Liberty Financial can also be beneficial Aavestrengthens its position as a leader in the digital asset lending and borrowing market. WLF indeed, he stated that its launch would help maintain Aave’s dominant position on Ethereum by introducing assets that may not be compatible with current markets.

But before we go any further, the proposal must pass a voting by Aave token holders. If this initial vote is called ” temperature control “, is approved, the Aave community will have the opportunity to submit feedback during the feedback phase, followed by a testing period before the official launch on the mainnet.

The article Trump Family DeFi Project World Liberty Financial proposes integration with Aave V3 appeared first on Coin Academy

Leave a Comment