World Liberty Financial (WLFI), World Liberty Financial is a crypto project initiated by the Trump family, which will build lending services, including a credit account system built on Aave and the Ethereum blockchain. The project will also include a new crypto currency, WLFI (an non-transferable governance token).

The Trump family's DeFi project, World Liberty Financial, aims to raise 0.3 billion USD in the upcoming token sale next week, with evaluation of 1.5 billion USD. According to the project roadmap, the 1.5 billion USD represents the fully diluted valuation of the project, and by selling 20% of the token supply, raising 0.3 billion USD indicates the possibility of more token sales.

The Beautiful Blueprint of Decentralized Finance

World Liberty Financial (WLFI) promotes its core concept as decentralized finance (DeFi), aiming to break traditional banking barriers through DeFi technology and provide solutions for groups unable to access traditional financial services. The project claims to reduce user costs and simplify lending processes by leveraging DeFi's advantages of decentralization. According to its whitepaper, WLFI will build a lending system based on the Ethereum blockchain and Aave lending platform, while maintaining the dominance of the US dollar in the global financial system through a USD-pegged stablecoin.

On August 29th, Trump released a video on X platform introducing WLFI, stating "Today, I laid out a plan to make the USA the global capital of crypto. Those who attempt to throttle your economic windpipe will not succeed." This statement highlights his ambition to disrupt the traditional financial landscape through WLFI.

However, WLFI's actual design reveals multiple issues. Its governance token, WLFI, is a non-transferable token that cannot be traded in the market, investors cannot profit from holding tokens, and the token's sole function is to participate in platform governance voting. This is in stark contrast to other mainstream DeFi projects. For example, Compound and MakerDAO's governance tokens not only can be freely traded but also generate profits for investors through market liquidity.

Furthermore, WLFI's token distribution structure has sparked controversy: 63% is restricted by Regulation D, 17% is used to reward users, and 20% is owned by the team. In comparison, most DeFi projects in the market attract widespread user participation through fair token circulation mechanisms, while WLFI's restrictive design may reduce investors' interest.

Trump's crypto project will cooperate with aave.

Donald Trump-backed crypto platform World Liberty Financial hopes to operate as an instance on the DeFi protocol aave.

Trump's crypto project World Liberty Financial has submitted a governance proposal to aave, confirming it will be built on the decentralized finance (DeFi) platform.

In the proposal on October 9th, World Liberty Financial expressed its desire to launch its services in the form of an Aave v3 instance on the Ethereum mainnet, using this protocol as the platform's backend.

It proposes distributing 20% of the protocol-generated fees and 7% of the platform governance token WLFI supply to AaveDAO (a group of Aave token holders responsible for overseeing the protocol).

The project supported by Donald Trump states that running as an Aave instance will enhance the liquidity of stablecoins ETH and Wrapped Bitcoin WBTC. It plans to expand Aave's user base while hosting.

The proposal shows that World Liberty Financial will (at least in the initial stage) allow deposits of ETH and WBTC, as well as stablecoins USD Coin USDC and Tether USDT.

The project also proposes using the same reserve factor system as the main Aave instances and setting up income distribution with trusted-free smart contracts.

AaveDAO members can now discuss the proposal before voting. Token holders of WLFI, managed by World Liberty Financial platform, must also individually approve the proposal.

In the X post on October 9, World Liberty Financial stated that the proposal "perfectly fits" in creating an easy-to-access DeFi user experience.

It further mentioned that upon successful integration with Aave, it plans to expand to the Ethereum Layer 2 blockchain Scroll.

All details about the platform have been slowly revealed. Trump has previously made numerous mysterious posts about World Liberty Financial, hinting at a desire to promote the use of stablecoins pegged to the USD.

Conclusion

The Trump Family project World Liberty Financial (WLFI) announced on X platform, 'Public sale will start on October 15, open to all whitelist-qualified individuals.'

World Liberty Financial is the only crypto DeFi platform endorsed by President Donald J. Trump. Donald Trump Jr. reshared on X platform: 'For too long, ordinary Americans have been squeezed by big banks and financial elites. It's time we unite and fight back together.'

With nearly 0.25 million and continuously increasing users, this shows a strong global demand for revolution in the banking industry. This is just the beginning of the transformation; the industry leaders and DeFi developers at World Liberty Financial are dedicated to providing a serious, long-term solution, offering users a more transparent and accessible crypto experience.