Trump’s World Liberty Finance Begins Onboarding, But
Reporter
- World Liberty Finance (WLF), a DeFi project associated with Donald Trump, has begun registering users. Although specifics about the project remain limited, it seems to share similarities with Aave. Currently, WLF is open for enrollment to accredited U.S. investors and non-U.S. citizens only. According to the project’s announcement , its mission is to promote “financial freedom” for everyone.
Trump hails World Liberty Finance update as “historic”
In his remarks, Trump described the whitelist updates as an opportunity for individuals to engage in something that is “historic“. He emphasized his goal of positioning America as a leading nation in cryptocurrency.
“I promised to make America great again; now it’s time with crypto. WLF aims to position America as the global cryptocurrency hub! This is your opportunity to become part of history. The whitelist registration is available now for all eligible participants.” Further details regarding its objectives and framework remain elusive.
A part of the project’s message shared on Telegram on September 4 stated:
“Our goals are straightforward: Enhance cryptocurrency use and America’s stature by fostering mass adoption of decentralized finance and stablecoins.”
The statement also highlighted plans promoting USD-pegged stablecoins aimed at bolstering America’s global financial dominance over a century-long span. Aave’s Marc Zeller indicated that
(the project operates within their framework) stating that it is essentially built upon Aave technology.
“This corresponds directly with Aave,” he noted.This aligns closely with Aave’s infrastructure; while they maintain unique branding and governance, they utilize Aave’s underlying technology, including revenue distribution back to the Aave DAO.” However, some community members expressed skepticism towards WLF and urged Trump instead focus on Bitcoin.
One commentator commented:sTidy up bitcoin—avoid endorsing unusual schemes aimed at profit-making.
Stage higher ambitions! “Aim for excellence.” .) &;However ,with preliminary user registrations initiating ,further insights into how this project plans operation will be disclosed sooner than later.
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