$97,102.00
3.57%$3,396.10
5.53%$7.17
11.71%$2.24
5.25%$667.39
3.58%$186.70
1.78%$0.323056
12.36%$0.99868
-0.09%$3,389.09
5.85%$0.917609
11.95%$0.246116
4.34%$38.96
9.63%$22.86
9.09%$4,044.81
5.71%$5.33
5.56%$4.63
24.18%$0.0000222
12.77%$96,683.00
3.30%$33.36
30.03%$0.363487
7.76%$0.258351
3.26%$3,402.08
5.43%$453.01
11.19%$9.27
1.49%$13.38
14.14%$0.00001788
17.08%$100.45
8.82%$3,584.96
5.82%$5.19
8.21%$0.998556
0.12%$4.15
4.61%$10.18
-2.23%$0.996579
-0.31%$10.41
10.31%$310.51
8.99%$0.161848
7.62%$0.482566
9.37%$1.18
10.23%$26.48
6.07%$7.34
13.05%$0.04653214
12.42%$3.88
8.21%$191.96
9.25%$24.37
0.02%$471.34
11.28%$1.31
9.20%$1.12
20.32%$0.773277
9.13%$0.121848
5.01%$5.04
9.14%$1.03
15.00%$0.339982
10.53%$45.02
3.62%$2.65
21.10%$6.73
8.75%$1.73
6.06%$1.76
9.66%$1.83
8.15%$0.00003163
20.04%$1.41
7.75%$5.12
10.42%$0.991344
28.47%$2.18
18.21%$21.40
9.60%$3,401.59
6.12%$0.213562
10.18%$2.03
13.45%$97,096.00
3.43%$0.02982604
19.36%$0.440273
11.80%$2.26
10.52%$5.15
6.78%$3,496.98
5.67%$0.995019
0.25%$3,806.65
5.35%$0.00017192
11.19%$113.10
11.19%$0.03404968
11.29%$13.12
8.37%$3,562.09
5.63%$1.73
14.00%$0.03655531
15.54%$18.91
11.09%$0.02728421
6.29%$1,660.62
4.70%$96,848.00
3.50%$0.02773114
18.48%$3.32
-0.25%$0.997672
0.03%$0.574601
14.66%$0.374148
9.20%$1.35
6.75%$11.21
7.39%$1.31
14.92%$0.224884
6.53%$0.131827
12.62%$96,944.00
3.88%$4.45
10.37%$3,498.47
5.61%$0.822286
10.60%$6.88
8.88%$191.56
2.12%$36.14
8.43%$1.62
14.88%$0.849197
7.86%$0.076436
14.56%$0.717679
9.17%$0.490674
7.21%$16.50
5.89%$54.20
8.28%$1.50
8.95%$0.940018
12.73%$0.299139
8.90%$0.00000109
7.90%$233.79
2.05%$0.824813
13.43%$1.10
8.59%$14.36
7.74%$6.37
14.97%$35.13
11.75%$0.484113
9.65%$0.485124
9.79%$96,035.00
2.50%$96,595.00
3.61%$5.22
17.01%$3,393.05
5.88%$54.02
22.57%$1.17
10.06%$0.829768
-27.03%$3.87
3.83%$0.00000209
-1.26%$3.00
8.24%$0.086818
10.58%$3.23
9.58%$3,391.38
5.42%$0.698408
11.06%$0.162321
8.59%$0.274147
8.78%$0.764495
12.06%$0.997787
0.20%$0.621993
10.29%$200.78
2.88%$0.779399
36.40%$82.14
11.84%$3,393.72
5.74%$1.92
7.76%$1.57
18.40%$2.37
5.86%$2.07
4.73%$0.00003545
8.75%$264.31
9.90%$21.24
8.41%$0.00671753
14.59%$1.49
9.14%$0.181459
9.74%$0.324508
13.01%$96,597.00
4.04%$0.00785596
6.74%$0.00644429
8.50%$0.752189
10.95%$0.658518
13.70%$0.651586
9.00%$2,623.24
0.66%$0.993985
0.05%$5.71
11.31%$3,560.35
5.25%$0.00011206
14.53%$0.00
23.11%$0.01133899
15.36%$3,683.99
5.47%$2.43
12.95%$0.00845051
15.04%$1.26
-7.37%$18.97
15.67%$1.11
16.40%$0.00639455
15.15%$26.81
9.82%$3,404.23
5.66%$0.083604
8.25%$10.95
10.31%$0.268069
8.61%$0.39446
10.18%$1.30
19.21%$0.077328
0.35%$1.019
-0.17%$0.997707
-0.18%$97,546.00
3.78%$1.31
17.85%$2,622.53
1.04%$9.08
-11.10%$0.00000052
3.96%$96,051.00
3.87%$13.95
19.71%$0.508499
24.15%$0.052307
25.67%$0.01101012
13.39%$1.50
5.82%$31.41
15.94%$0.998976
-0.00%$3,324.52
2.60%$3,404.70
5.91%$4.82
7.41%$0.439452
12.10%$0.00623366
19.33%$0.293277
62.87%$0.061192
9.30%$97,206.00
3.79%$37.33
10.10%$3,652.85
5.65%$0.06533
9.09%$0.00568345
17.85%$3,535.37
4.97%$1.05
-1.24%$0.0063171
10.40%$0.00244982
11.57%$2.07
10.63%$0.00099874
12.52%$0.02150361
11.92%$3.18
8.66%$26.01
45.64%$0.07158
3.64%$5.20
4.77%$0.00000325
10.23%$0.998968
1.20%$0.224858
12.17%$1.068
-1.11%$0.468579
9.22%$88.15
2.74%$0.209608
7.81%$0.998618
-0.03%$2.47
7.35%$3,755.88
5.21%$0.03776428
6.18%$0.00000018
8.41%$0.669455
11.27%$0.894044
6.75%$3.42
12.02%$0.365087
58.62%$0.999235
0.07%$2.89
1.68%$0.13931
5.33%$0.03600073
10.98%$45.91
9.54%$0.359351
8.09%$0.735764
16.97%$3,405.37
5.68%$0.01064785
11.37%$0.354312
8.40%
The team behind World Liberty Financial, an upcoming crypto project promoted by the Trump family, said Wednesday that the DeFi platform aims to maintain global U.S. dollar supremacy through the use of stablecoins.
The revelation comes after CoinDesk reported that a leaked white paper for the project details a borrowing and lending platform reminiscent of Dough Finance, a recently hacked protocol. The report suggested that World Liberty Financial hails from multiple Dough team members, and would apparently reuse code from the breached protocol.
“Our mission is crystal clear: Make crypto and America great by driving the mass adoption of stablecoins and decentralized finance,” World Liberty Financial said in a Twitter thread. “We want U.S.-pegged stablecoins to remain the world’s settlement layer for the next 100 years.”
The team explains in the thread that the U.S. dollar is “under attack” by foreign nation-states, after being the “backbone of global finance for decades.”
[1/7] 🚨 Rumors are flying, but here’s the real story behind World Liberty Financial (WLFI). We know the magnitude of what we’re building and its potential impact on both crypto and our country, especially with the upcoming elections. 🇺🇸
— WLFI (@worldlibertyfi) September 4, 2024
Some experts believe that de-dollarization is imminent, due to the emergence of major countries Brazil, India, China, South Africa, and Russia joining forces to potentially launch a rival to the U.S. dollar, as well as the dollar’s share of financial exchange reserves hitting record lows.
World Liberty Financial aims to tackle this existential American issue. How exactly this will be done is still unclear, however the white paper reviewed by CoinDesk suggested it will include a "credit account system" for decentralized borrowed and lending.
As noted, the report also claimed that World Liberty Financial lifted code directly from the recently exploited Dough Finance. It's a claim that the Trump-backed project apparently attempts to reject, instead mentioning the use of crypto lending protocol Aave.
"We’re not just another hostile fork of Aave. History shows those don't work," the thread notes. "We’re working with Aave, collaborating to create a platform that sets new standards and pushes all of DeFi forward. This is a partnership to build something truly transformative."
Aave did not immediately respond to Decrypt’s request for comment.
“To those who are skeptical or listening to the noise: Our plan will speak for itself,” World Liberty Financial said in the thread, “The brightest minds in crypto are backing us, and what’s coming will make all doubters think twice.”
The thread names security firms Zokyo, Fuzzland, PeckShield, and BlockSec as the companies that have audited the project’s code.
This comes after Donald Trump’s eldest sons—Eric and Donald Jr.—teased a "huge" crypto announcement last month. The hype led to a number of scams, including a meme coin that pumped and dumped. After this, the sons confirmed it would lean into decentralized finance and will not be a meme coin.
Since then, members of the Trump family—Donald included—have been teasing and promoting the project originally called “The DeFiant Ones,” but recently rebranded to World Financial Liberty.
“Stay tuned. This is just the beginning,” the thread finished. “We’re here to win, and we’re here to change the game. Let’s make DeFi, and America, great again.”
Edited by Andrew Hayward
