Key Points:
Read more: World Liberty Financial: The DeFi Project Boosted by Trump
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.
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.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing. |
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