Key Takeaways
- World Liberty Financial has chosen Chainlink for onchain data and cross-chain connectivity on Ethereum.
- WLFI aims to democratize financial access using US stablecoins and its governance managed by its WLFI token.
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World Liberty Financial (WLFI), a project backed by Donald Trump and his sons, has teamed up with Chainlink to facilitate the mass adoption of DeFi. The project has selected Chainlink as its standard provider for on-chain data and cross-chain connectivity to support the launch of its platform on the Ethereum mainnet.The initial implementation will involve integrating Chainlink Price Feeds on the Ethereum mainnet to support the launch of WLFI’s Aave v3 instance. The integration, pending approval from the WLFI Governance Platform, will enable WLFI to securely onboard assets including USDC, USDT, ETH, and WBTC.Last month, World Liberty Financial formally proposed launching a DeFi solution on Aave’s Ethereum mainnet, aiming to integrate DeFi features with traditional financial tools.
“We’re excited to partner with WLFI on their data, cross-chain, and all other oracle network needs. The Chainlink standard is already widely used across DeFi and will help WLFI attract users that value the security and reliability that has already helped grow DeFi as an industry,” said Sergey Nazarov, co-founder of Chainlink.
Launched in September, the platform aims to democratize financial access while promoting US dollar-based stablecoins to maintain the dollar’s status as the global reserve currency. WLFI Protocol will focus on peer-to-peer transactions and privacy features, with governance managed through its WLFI token.
“World Liberty Financial’s partnership with Chainlink marks a huge step forward. Never before have we been more bullish on crypto or the overall future of DeFi technology,” said Eric Trump, web3 ambassador at World Liberty Financial.
Chainlink’s infrastructure has facilitated over $16 trillion in transaction value and has secured Aave’s markets for more than five years without user value losses. Chainlink Price Feeds will provide reliable financial market data essential for WLFI’s operations.Beyond initial integrations, WLFI plans to implement additional features from Chainlink, including cross-chain interoperability and proof of reserves for real-world assets (RWAs).
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