News

World Liberty Financial Integrates Chainlink To Secure On-chain Data

Key Points:

  • World Liberty Financial integrated Chainlink for secure, reliable on-chain data and cross-chain interoperability as it prepares to launch on Aave v3.
  • WLFI will use Chainlink’s price oracles on Ethereum to onboard assets like USDC, USDT, ETH, and WBTC.
World Liberty Financial (WLFI), a DeFi project from the Trump’s family, announced that Chainlink would be the standard on-chain data and cross-chain interoperability solution.

Read more: World Liberty Financial: The DeFi Project Boosted by Trump 

World Liberty Financial Launches Chainlink for Secure On-Chain Data

On the part of World Liberty Financial, this is a serious step closer to its stated goal of launching its protocol on Aave v3, integrating Chainlink’s oracle services to support key financial data feeds.

This Chainlink infrastructure will be used to deliver price feeds on the Ethereum mainnet as WLFI works toward onboarding such assets as USDC, USDT, ETH, WBTC, and others. The partnership taps Chainlink’s existing ecosystem, which has already processed more than $16 trillion in transaction volume, for WLFI’s decentralized platform with secure, dependable data.

The implementation of Chainlink will enhance the supposed drive into mass adoption for WLFI DeFi by implementing security and reliability within its community.

WLFI Looking to Change DeFi with Traditional Financial Integration

Chainlink has secured a track record of more than $16 trillion in transaction volume, including its successful integration with Aave-hence, which is the reason behind WLFI’s decision.

Chainlink Price Feeds have kept Aave’s markets secure for over five years, resulting in zero value loss to users. In addition to price data, WLFI plans to build out additional Chainlink functionality on its platform, including cross-chain interoperability and proof of reserves for real-world assets (RWAs).

The World Liberty Financial, proposed by Donald Trump’s team in September, bridges the gap between traditional financial services and decentralized finance to provide a seamless user experience for borrow-and-lend functionality.

Harold

With a passion for untangling the complexities of the financial world, I've spent over four years in financial journalism, covering everything from traditional equities to the cutting edge of venture capital. "The financial markets are a fascinating puzzle," I often say, "and I love helping people make sense of them." That's what drives me to bring clear and insightful financial journalism to the readers of Coincu.

Recent Posts

Native USDC on Aptos Coming Soon to Boost DeFi and P2P Transactions

The move will see developers utilize USDC on Aptos in creating dApps on a wide…

1 minute ago

Coinshift Launches csUSDL, Announces Strategic Partnerships

Abu Dhabi, UAE, 21st November 2024, Chainwire

25 minutes ago

Strategic Bitcoin Reserve Driven by 5-Year Commitment to Buy BTC

Senator Cynthia Lummis outlined the Strategic Bitcoin Reserve, which will sell part of the Fed's…

31 minutes ago

Next Crypto to Explode in 2025: Top 7 Picks You Should Invest in Now

As the cryptocurrency market expands and matures, a select few projects stand out for their…

32 minutes ago

Solana Spot ETF Applications Progress as SEC Reviews Forms

SEC evaluates Solana Spot ETF applications from VanEck, 21Shares, and Canary Funds, with Bitwise preparing…

1 hour ago

Quai Network Testnet Launches With 10M QUAI Rewards

Quai Network Testnet launches with 10M QUAI rewards; partnership with Stork Oracle enables real-time commodity…

1 hour ago

This website uses cookies.