Key takeaways
- World Liberty Financial is scheduled to launch on September 16.
- Sandy Peng is the sixth name to join WLFI’s advisory board.
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The World Liberty Financial Project (WLFI) announcement Scroll co-founder Sandy Peng will be their new advisor on September 15. WLFI is the decentralized application protocol backed by the family of former US President Donald Trump.
Peng previously worked as an associate at Hong Kong-based Fission Capital and as a management associate at the Securities and Futures Commission (SFC) of Hong Kong.
A wave of advisor announcements
Notably, Peng is the latest name on the list of advisors announced by the WLFI team since August 30. Corey Caplan, co-founder and creator of the multi-chain money market protocol, was the first name announcement by the project.
Alexei Dulub, founder of open source security browser extension Web3 Antivirus and Web3-focused service provider PixelPlex, has been announcement as second advisor of the WLFI X profile on September 5.
Ogle was the third name revealed by WLFI on September 7. He is the co-founder of the Glue blockchain ecosystem and a security expert who has participated in efforts to recover funds from hacks such as Euler, Curve, and Kyberswap.
Rafael Yakobi, managing partner of crypto law firm The Crypto Lawyers, has been appointed on September 10 as WLFI’s fourth advisor. According to the message, Yakobi will bring his regulatory expertise.
The fifth name and the last one before Peng’s announcement was Luke PearsonGeneral Partner of the Polychain venture capital fund since 2021.
Close to launch, no details
Decentralized finance (DeFi) project WLFI gained attention after the involvement of Trump’s sons, Eric Trump and Donald Trump Jr., was revealed.
However, despite the anticipation of his launch September 16 with a livestream hosted by Donald Trump, information on the project remains scarce.
In a series of posts made on September 4, the WLFI team address that they work with cryptographic security companies such as Zokyo, Fuzzland, PeckShielf and BlockSec to ensure that their smart contract codes are secure.
Moreover, it was revealed that they would allegedly collaborate with money market Aave to build “a platform that sets new standards and advances all of DeFi.”
The WLFI Team said that their mission is to “make crypto and America great” through the adoption of stablecoins and DeFi.
“Here’s why stablecoins matter: We want US-pegged stablecoins to remain the global settlement layer for the next 100 years. The US dollar has been the backbone of global finance for decades, but it’s now under attack from foreign nation states.”
As a result, the WLFI team believes that the widespread adoption of US dollar-pegged stablecoins will help maintain US dominance on the global stage.
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