Trump-Supported World Liberty Financial Taps Chainlink Data Services as DeFi Platform Takes Shape

Finance Election 2024 Trump-Supported World Liberty Financial Taps Chainlink Data Services as DeFi Platform Takes Shape Chainlink will provide crucial pricing data and cross-chain interoperability infrastructure for the nascent DeFi platform. By Krisztian Sandor Nov 14, 2024 at 1:24 p.m. UTC Updated Nov 14, 2024 at 1:26 p.m. UTC Election 2024 coverage presented by Stand with crypto Donald Trump at BTC 2024 (Danny Nelson/CoinDesk) World Liberty Financial (WLFI), the nascent decentralized finance (DeFi) protocol supported by Donald Trump and his family, said Thursday that it will use data provider Chainlink's services for better integrating with the wider crypto ecosystem. Chainlink will support the platform by providing crucial pricing data and cross-chain interoperability infrastructure. Unmute Trump Announces Department of Government Efficiency, DOGE Skyrockets 01:45 Bitcoin Tops $93K Lifetime High As U.S. Demand Surges 01:29 DOGE Ascends Over 100% in Past Week, Traders Set $1 Price Target 02:47 Bitcoin Nears $90K; FTX Sues Binance, CZ For $1.8B 17:55 Are Memecoins Driving This Bull Cycle? "The Chainlink standard is already widely used across DeFi and will help WLFI attract users that value the security and reliability that has already helped grow DeFi as an industry,” Chainlink co-founder Sergey Nazarov said. World Liberty Financial is spearheaded by Zachary Folkman and Chase Herro, who worked previously on DeFi platform Dough Finance, which saw $2 million of crypto assets drained through a July exploit. Members of the Trump family, including Donald Trump, publicly championed the project on social media, with the former president being titled as "Chief Crypto Advocate." for the platform. Two of his sons, Eric Trump and Donald Trump Jr., are involved as "Web3 Ambassadors," while his other son Barron Trump is listed as "DeFi Visionary." The project aims to launch on DeFi lending powerhouse Aave's v3 platform on Ethereum mainnet to provide liquidity for ether (ETH), wrapped bitcoin (wBTC), stablecoins and other digital assets. "World Liberty Financial's partnership with Chainlink marks a huge step forward," Eric Trump, web3 ambassador at World Liberty Financial," said in a statement. "Never before have we been more bullish on crypto or the overall future of DeFi technology.” Read more: Trump Family-Backed Crypto Project Makes $1M Gain in ETH Following Tame Token Sale Edited by Stephen Alpher. Disclosure Please note that our privacy policy , terms of use , cookies , and do not sell my personal information have been updated . CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies . CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets. CoinDesk employees, including journalists, may receive Bullish group equity-based compensation. Bullish was incubated by technology investor Block.one. Krisztian Sandor Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH. Follow @ sndr_krisztian on Twitter Read more about World Liberty Financial DeFi Chainlink