Home » Trump-Backed World Liberty Financial Proposes Aave Integration

Trump-Backed World Liberty Financial Proposes Aave Integration

10.10.2024 18:30 1 min. read Alexander Stefanov
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Trump-Backed World Liberty Financial Proposes Aave Integration

World Liberty Financial, backed by Donald Trump, has proposed a governance model to operate on the Aave decentralized finance platform as an Aave v3 instance on Ethereum.

The initiative aims to allocate 20% of generated fees and 7% of its WLFI governance token to AaveDAO, enhancing liquidity for assets like Ether and stablecoins.

The proposal includes using Aave’s reserve factor system and establishing a smart contract for revenue sharing, with AaveDAO members now reviewing it.

If successful, World Liberty Financial plans to expand onto the Ethereum layer 2 solution, Scroll.

Details about the project have emerged gradually, but a recent livestream featuring Trump’s sons did not address its crypto components.

The platform seeks to enable digital wallets, credit accounts, and borrowing/lending, following an open-source model similar to Dough Finance, which previously experienced a flash loan attack.

With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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