World Liberty Financial (WLFI), the DEFI initiative linked to President Donald Trump, made substantial investments of more than $ 11 million in Ethereum and a new Stablecoin project this week.
These movements reflect WLFI’s growing ambition to develop the basic blockchain infrastructure and deepen its presence through the digital asset ecosystem.
Endcon finance
On July 30, WLFI announced that it had invested $ 10 million in Falcon Finance, a synthetic Stablecoin protocol.
According to the press release, the capital will be used to develop Falcon multi-chain interoperability, improve intelligent contract modules and support the liquidity sharing mechanisms between the Falcon USDF and the Stablecoin USD1 of World Liberty Financial. In particular, USD1 is also used as a guarantee in the Falcon protocol.
Falcon’s Stablecoin USDF recently crossed $ 1 billion in circulation, highlighting the growing demand for decentralized dollar assets.
Unlike traditional stables, the USDF works via an overlying model that adapts to real -time risks. This allows him to accept a variety of digital assets as guaranteed while maintaining price stability.
Meanwhile, USD1 completes the USDF by serving as a reediptable Fiat asset. It is supported by a reserve of deposits in US dollars, government market funds and other short -term cash equivalents, offering an additional layer of confidence and liquidity.
Zak Folkman, co-founder of WLFI, said that the partnership is aligned with the broader ambition of the project to reshape digital finance. He added:
“By combining Falcon’s innovative collateralization model with our FIAT -supported approach, we create a more robust and more flexible digital infrastructure that will meet the various needs of retail and institutional users on the global market.”
Ethereum investments
The investment of the Stablecoin project follows the deepening by WLFI of its exhibition in Ethereum with new recent purchases.
On July 29, the Lookonchain blockchain analysis platform reported that the DEFI project had acquired 256.75 ETH in July at an average cost of $ 3,895 per room for $ 1 million.
This follows the purchase of 3,473 ETH by last week, which was then dotted via the Defi loan platform, Aave.
After these purchases, World Liberty Financial now has around 77,226 ETH, worth around 296 million dollars today. The company also has an unrepreted profit of around $ 42 million.
Mentioned in this article
(tagstotranslate) Defi
Source link
