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World Liberty Financial Integrates Chainlink, Teases Cross-Chain Functionality

The WLFI token sale has generated $19.6 million after four weeks.
By: Samuel Haig • November 14, 2024
World Liberty Financial Integrates Chainlink, Teases Cross-Chain Functionality

World Liberty Financial, the DeFi protocol linked to the family of U.S. President-elect Donald Trump, appears to be planning to go multi-chain.

On Nov. 14, World Liberty Financial (WLFI) announced it is integrating Chainlink’s product suite for “critical security, interoperability, and on-chain data” solutions. World Liberty Financial will first integrate Chainlink Price Feeds to provide price data for its expected deployment of an Aave v3 instance on the Ethereum mainnet.

World Liberty Financial plans to launch an Aave v3 deployment supporting deposits and lending in the form of Ether, Wrapped Bitcoin, and the USDC and USDT stablecoins, with plans to onboard additional assets in the future. While the protocol’s launch is still contingent on governance approval, an initial proposal is attracting support from Aave’s governance forum.

“Chainlink Price Feeds have successfully secured AAVE since launch and have allowed AAVE’s markets to remain secure for over 5 years without losing user value,” World Liberty Financial said. “This security track record was one of the main factors in choosing Chainlink.”

Chainlink Price Feeds have secured more than $16 trillion worth of transactions to date.

World Liberty Financial added that it plans to support additional Chainlink products including cross-chain interoperability and proof of reserves for real-world assets (RWAs) at a later date. The project teased the creation of “programmable tokenized RWAs” dubbed SmartAssets in the future.

“SmartAssets are key to unlocking the true vision of tokenization and they align with the vision being put forward by the WLFI Protocol ecosystem,” World Liberty Financial said.

The news comes after World Liberty Financial’s token sale failed to live up to expectations.

After kicking off on Oct. 15 with a targeted raise of $300 million, World Liberty Financial revised its target by 90% to $30 million on Oct. 30 in response to less than 5% of the allocated tokens selling after two weeks.

The sale appears to have benefited slightly from Donald Trump’s electoral victory, with investors now having purchased $19.6 million worth of WLFI. Data from Dune indicates that 19,604 addresses have participated in the sale.

WLFI will remain non-transferable for at least 12 months. Controversially, a company controlled by Donald Trump can claim 75% of the token sale proceeds and platform revenue once World Liberty Financial has generated $30 million.

World Liberty Financial said its mission is to support the adoption of U.S. dollar-backed stablecoins to ensure USD remains the world's reserve currency.

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