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Home»DeFi»Donald Trump’s World Liberty Financial Holds $50,000,000 in DeFi Crypto Assets: Arkham
DeFi

Donald Trump’s World Liberty Financial Holds $50,000,000 in DeFi Crypto Assets: Arkham

December 18, 2024No Comments2 Mins Read
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President-elect Donald Trump’s crypto project World Liberty Financial (WLFI) is loading up on decentralized finance (DeFi) altcoins, according to on-chain data.

Blockchain intelligence platform Arkham reports that WLFI Treasury has acquired $50 million worth of different DeFi coins in preparation for its launch.

“UPDATE: DONALD TRUMP’S WORLD LIBERTY FI ACQUIRED $50 MILLION IN CHALLENGE COINS

The Treasury of World Liberty Finance has just acquired:

$35 million worth of ETH/WETH
$10 million worth of cbBTC
$1 million worth of LINK
$1 million from AAVE

Is Trump long DeFi?

Picture
Source: Arkham/X

WLFI launched its token sale in October.

The plan originally anticipated that 63% of all WLFIs would be sold to the public, but according to its current white paper – or “goldbook” – World Liberty Financial appears to have lowered that figure to 35%.

While World Liberty Financial has not yet launched publicly, it is still not 100% clear what services the platform will provide.

World Liberty Financial claims it is “the only DeFi platform inspired by Donald J. Trump” and aims to lead a “financial revolution by dismantling the hold of traditional financial institutions and putting power back where it belongs: in your hands.”

Data from Ethereum blockchain explorer Etherscan shows that the TRON DAO received 2 billion tokens through its investment in WLFI, making Tron (TRX) founder Justin Sun and the DAO the largest holders.

With this purchase, Sun also became an advisor to the project.

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