Trump’s DeFi Launch Flops: World Liberty Financial Fails to Impress

Donald Trump and his sons launched their DeFi project, World Liberty Financial (WLFI), during a lengthy X Spaces session on Monday, but the event fell short of expectations.

WLFI, led by Donald Jr. and Eric Trump, aims to provide accessible crypto lending and borrowing, targeting individuals often excluded by traditional banks.

The response from crypto investors was underwhelming. Many criticized the session for lacking detailed information about the platform’s operations and its target audience.

Additionally, the WLFI token will only be available to accredited investors, which some see as contrary to the project’s goal of financial democratization.

Despite the initial disappointment, WLFI plans to collaborate with Aave and issue a governance token for select investors. This partnership is intended to enhance its DeFi offerings, though the debut has been met with mixed reactions.