Former US President Donald Trump’s latest crypto project, World Liberty Financial (WLFI), aims to launch on the Aave Ethereum mainnet. In fact, the decentralized finance project debuted on September 18th, but now faces a new proposal to launch with Aave V3 if approved.
The initiative marks Trump's latest foray into the world of Web3 and cryptocurrencies. President Trump, who is seeking re-election in 2024, has made cryptocurrencies one of his main focuses. WLFI is then set to become the most involved digital asset project to date, following last year's announcement of NFT trading cards.
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New Proposal Sets President Trump's WLFI to Launch on Aave
In the run-up to the 2024 US presidential election, the crypto sector finally has a champion. Donald Trump spoke for a growing industry amid continued uncertainty in the sector. More importantly, he spoke about the vitality of the health of the industry in this country.
This led the former president to debut his own DeFi project. Now, President Trump's World Liberty Financial could launch on the Aave Ethereum mainnet. Specifically, recently introduced governance proposals will launch WLFI projects on the network.
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The proposal claims that the launch will increase liquidity for Ethereum, wrapped Bitcoin, and various stablecoins. Additionally, its benefits could be extended to various tokens across the digital asset industry.
The project shared this announcement in a post on X (formerly Twitter). Additionally, WLFI Ventures aims to expand the user base of this asset class. Aave is a leader in decentralized lending, which could be beneficial for projects run by President Trump. In fact, DeFi platforms are attempting to facilitate over-collateralized lending and borrowing. This will unlock that new class of users.
