Key takeaways
- World Liberty Financial has chosen Chainlink for on-chain data and cross-chain connectivity on Ethereum.
- WLFI aims to democratize financial access using US stablecoins and its governance managed by its WLFI token.
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World Liberty Financial (WLFI), a project backed by Donald Trump and his sons, has partnered with Chainlink to facilitate mass adoption of DeFi. The project has selected Chainlink as its standard provider of on-chain data and cross-chain connectivity to support the launch of its platform on the Ethereum mainnet.
Initial implementation will involve the integration of Chainlink Price Feeds on the Ethereum mainnet to support the launch of the Aave v3 instance of WLFI. The integration, pending approval from the WLFI governance platform, will allow WLFI to securely integrate assets including USDC, USDT, ETH and WBTC.
Last month, World Liberty Financial officially proposed launching a DeFi solution on Aave’s Ethereum mainnet, aiming to integrate DeFi functionality with traditional financial tools.
“We are excited to partner with WLFI to support their data, cross-chain, and all other Oracle network needs. The Chainlink standard is already widely used in DeFi and will help WLFI attract users who value the security and reliability that have already contributed to the development of DeFi as an industry,” said Sergey Nazarov, co-founder of Chainlink.
Launched in September, the platform aims to democratize financial access while promoting US dollar-based stablecoins to maintain the dollar’s status as the global reserve currency. The WLFI protocol will focus on peer-to-peer transactions and privacy features, with governance managed through its WLFI token.
“World Liberty Financial’s partnership with Chainlink marks a huge step forward. Never before have we been so bullish on crypto or the overall future of DeFi technology,” said Eric Trump, web3 ambassador at World Liberty Financial.
Chainlink’s infrastructure has facilitated over $16 trillion in transaction value and has secured Aave’s markets for over five years without loss of value to users. Chainlink Price Feeds will provide reliable financial market data essential to WLFI’s operations.
Beyond the initial integrations, WLFI plans to implement additional Chainlink features, including cross-chain interoperability and proof of reserves for real-world assets (RWA).
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