November 14, 2024 The Trump Organization’s associated decentralized finance (DeFi) project World Liberty Financial (WLFI) has entered an asset deployment deal with Chainlink to use its price feed data for launch on the Aave v3 protocol.
Chainlink announced that its Price Feeds will initially be integrated on the Ethereum mainnet in a press release. The implementation, however, still needs to be approved by the WLFI Governance Platform. “This collaboration is a significant step for WLFI in our strategy to become a DeFi platform that is easy to use with borrowing and lending services,” the statement concluded.
“By adopting the Chainlink standard for offchain data and cross-chain connectivity, WLFI will have access to the market-leading onchain data and cross-chain interoperability infrastructure and ecosystem that has enabled over $16 trillion in transaction value.”
Chainlink
For the project, it’s a ‘huge step forward,’ said Eric Trump, who is World Liberty Financial’s web3 ambassador. He said that crypto and the future of DeFi tech were things we’ve never been more bullish on.
Chainlink to Connect WLFI with Aave v3
After it is approved, Chainlink will provide the plumbing between WLFI and the integration with Aave v3, a key financial data of Crux. However, uncertainties arise as to precisely when WLFI users will receive this benefit via this partnership.
Market optimism triggered an impressive spike in WLFI’s token price, which surged by 9% to $0.000000000001811 after the announcement.
The partnership follows President-elect Donald Trump’s Sept. 16 unveiling of World Liberty Financial. For Trump, WLFI is part of his overarching effort to turn his country into the ‘make America the crypto capital of the world.’ Rather than being positioned as a more traditional DeFi platform, WLFI positions itself as an easier route into the cryptocurrency space for new users.
With Chainlink, DeFi projects were able to bridge on-chain and off-chain data. This is further proof of the convergence between blockchain technology and mainstream projects.
The partnership signals a growing commitment to utilizing innovative tools to reshape the DeFi landscape as the community of WLFI gets set to vote on the proposal.
