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