World Liberty Financial (WLFI), the decentralized finance (DeFi) project backed by Donald Trump and his family, announced its adoption of Chainlink’s (LINK) oracle service.
As Decrypt reported in mid-September, president-elect Donald Trump launched WLFI, with plans to offer borrowing and lending services for cryptocurrencies on the Ethereum blockchain network, while also paying liquidity providers.
Then in October, the project submitted a proposal to the governance forum of Ethereum (ETH) DeFi platform Aave—upon which Trump and his business partners intend to build their crypto offering. The ambitions of the project seem to be shifting, too. Late last month, there were talks that the project was interested in launching a “native stablecoin.”
Donald Trump’s controversial crypto project, World Liberty Financial—which recently raised $14 million in an initial token sale—has plans to create and issue its own stablecoin, sources familiar with the matter told Decrypt.
The stablecoin, a type of cryptocurrency designed to hold a steady value that is often pegged to the U.S. dollar, is still in development and could take some time to launch. The World Liberty team is still determining how to make the financial product safe before bringing i...
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Now, developers plan to integrate Chainlink’s Ethereum Price Feeds into World Liberty Finance’s Aave v3 instance, pending approval from the WLFI Governance Platform. This integration is meant to provide WLFI with real-time on-chain financial market data—which is essential for its operation, the company said. Chainlink's Price Feeds have seen widespread adoption in the DeFi space, being integrated into AAVE’s base instance since its inception.
"World Liberty Financial's partnership with Chainlink marks a significant step forward. We have never been more optimistic about the future of crypto and DeFi technology," Eric Trump, Web3 Ambassador at World Liberty Financial, said in a press release.
Chainlink co-founder Sergey Nazarov told Decrypt that he appreciates WLFI’s approach to security and adoption of an oracle system that has already been running for five years.
“We are excited to collaborate with them, and I appreciate that they are approaching their launch with a strong focus on security,” he said.
[4/7] Our mission is crystal clear: Make crypto and America great by driving the mass adoption of stablecoins and decentralized finance. We believe that DeFi is the future, and we’re committed to making it accessible and secure for everyone. 🌍💪
Early September statements by the team behind WLFI suggested that the DeFi platform aims to maintain global U.S. dollar supremacy through the use of stablecoins. “Our mission is crystal clear: Make crypto and America great by driving the mass adoption of stablecoins and decentralized finance,” one tweet read.
“We want U.S.-pegged stablecoins to remain the world’s settlement layer for the next 100 years,” the text highlighted.
SatLayer, a Bitcoin restaking platform, announced Wednesday it’s extending Bitcoin’s use in decentralized finance to Sui, the speedy layer-1 blockchain launched last year.
With Sui’s focus on fast transaction speeds, SatLayer’s integration will enable developers to leverage Bitcoin’s $2.1 trillion footprint in building DeFi applications, which aim to exclude third parties from transactions in areas like trading and lending, SatLayer said in a statement.
Sui’s network is already home to a budding...
It's been a big week of DeFi news for the Donald Trump-backed crypto venture, World Liberty Financial (WLFI). Earlier this week, the project expanded its portfolio with $5 million worth of investment in three major assets: Ethereum (ETH), Chainlink (LINK), and Aave (AAVE).
The acquisitions include 2,631 ETH at $3,801 each, 41,335 LINK at $24.2, and 3,357 AAVE at $297.8, according to on-chain analytics platform Lookonchain.
The purchases mark WLFI’s first foray into LINK and AAVE, diversifying it...
Crypto yield marketplace Superform announced Wednesday the launch of SuperUSDC, a product billed as a “set and forget” opportunity for earning high yield on Circle’s stablecoin.
Since its launch in early access this year, the platform has functioned as a decentralized marketplace for yield protocols. Projects can list vaults on Superform, which are linked to yield opportunities on Ethereum as well as dedicated scaling solutions like Arbitrum or Base.
SuperUSDC offers DeFi users “automated, non...