, backed by Donald J. Trump, has announced that it will use the Chainlink Standard.){kind=link}
World Liberty Financial (WLFI), backed by Donald J. Trump, has announced that it will use the Chainlink Standard to hasten the widespread adoption of DeFi.
The news comes just a couple of days after the release of 2024 US election results, making many in the crypto community keenly eye the partnerships by WLFI. Trump and his sons made it clear that they supported the growth of the cryptocurrency industry in September when they unveiled World Liberty Financial, a new corporation.
What Will The Partnership Include?
Under the partnership, WLFI will get access to the industry-leading onchain data and cross-chain interoperability ecosystem and infrastructure, which has enabled over $16 trillion in transaction value, by embracing the Chainlink standard for offchain data and cross-chain connectivity.
In order to launch WLFI’s Aave v3 instance, which onboards assets including USDC, USDT, ETH, WBTC, and many more, Chainlink Price Feeds will give the WLFI Protocol a safe and dependable source of financial market data.
Chainlink To Provide WLFI With Security and Dependability
Implementing the Chainlink standard is likely to give the WLFI community the security and dependability it needs to achieve its aim of launching the next wave of DeFi broad adoption.
“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,” stated Sergey Nazarov, Co-Founder of Chainlink.Â
“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,” stated Eric Trump, Web3 Ambassador at World Liberty Financial.
The WLFI Protocol will also be able to make use of the Chainlink Platform’s demonstrated capabilities to secure leading lending protocols and solidify its place as a major player in the DeFi industry’s changing landscape if the WLFI community adopts the Chainlink standard.
The development of safe, liquid, and programmable tokenized RWAs, known as SmartAssets, that are compatible with any public or private blockchain requires the provision of essential data and cross-chain services by the Chainlink Platform. The WLFI Protocol ecosystem’s objective is in line with SmartAssets’, which is essential to revealing the full potential of tokenization.
WLFI Protocol also stated that its goal is to advance peer-to-peer transactions and privacy, which are essential to American ideals. Through the $WLFI token, holders can vote on protocol decisions and actively engage in determining the platform’s future, enabling community-driven governance through the WLFI Governance Platform.
With an emphasis on an easy-to-use interface, the WLFI Protocol aims to close the gap between Web2 and Web3 by drawing more users to the DeFi ecosystem.