Growing Interest in WLFI Token Sale
World Liberty Financial (WLFI), a Trump-backed DeFi protocol, recently reported over 100,000 whitelist signups ahead of its token sale. With high-profile endorsements from Donald Trump Jr. and Eric Trump, the platform aims to reshape DeFi by offering decentralized finance solutions aligned with Trump’s economic vision.
Development and Expansion Plans
The WLFI team, joined by Paxos co-founder Rich Teo, outlined a multi-phase roadmap beginning with DeFi lending through a modified Aave platform on Ethereum’s Layer 2 network, Scroll. WLFI plans to later integrate with exchanges and launch stablecoin-based financial products, with the goal of achieving mainstream adoption of decentralized finance solutions.
Trump Jr.’s Support for DeFi
Trump Jr. recently voiced his support for DeFi and the protocol, calling traditional banking a “Ponzi scheme.” He emphasized that World Liberty Financial could transform the financial landscape by providing more accessible borrowing options. However, the project has faced criticism from some politicians who view it as a political venture rather than a genuine crypto innovation.
Source:
The Block
