30s Summary

Donald Trump-backed DeFi protocol, World Liberty Financial, plans to use Chainlink’s services for efficient integration into the crypto world. Chainlink will provide price data and develop inter-chain compatibility. World Liberty Financial, established by Zachary Folkman and Chase Herro, has backing from the Trump family with various roles. The project will launch on Aave’s v3 platform on the Ethereum mainnet, providing liquidity for different digital assets. The partnership with Chainlink marks significant progress in the project, according to Eric Trump.

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The new decentralized finance (DeFi) protocol, World Liberty Financial (backed by Donald Trump and his family), announced that they’re going to be using Chainlink’s services. Chainlink is a data provider and this move will allow World Liberty Financial to integrate more effectively with other parts of the crypto world.

Chainlink will offer the DeFi protocol key price information and help develop inter-chain compatibility. As Chainlink’s co-founder, Sergey Nazarov explained, their service is already highly used across the DeFi sector and will help to draw users that appreciate the level of security and reliability which it offers.

World Liberty Financial was set up by Zachary Folkman and Chase Herro. These two previously worked on the DeFi platform Dough Finance which unfortunately lost $2 million in cryptocurrency assets during an exploit in July. Even so, the Trump family openly backed the project on various social media platforms. Donald Trump has even been given the title of “Chief Crypto Advocate” for the platform while his sons – Eric Trump and Donald Trump Jr. – play the roles of “Web3 ambassadors”. His youngest son, Barron Trump, is designated as the “DeFi Visionary”.

The goal of this project is to launch on Aave’s v3 platform on the Ethereum mainnet. Here, it will provide a liquidity source for ether (ETH), wrapped bitcoin (wBTC), stablecoins, and other digital assets.

“World Liberty Financial’s partnership with Chainlink marks a big leap forward,” says Eric Trump, one of World Liberty Financial’s web3 ambassadors. “Never before have we felt more positive about crypto or the overall future of DeFi technology.”