According to the project’s white paper, clients will be offered a “credit account system” built on the Aave decentralized finance platform and the Ethereum blockchain. This, according to the creators, should simplify the lending procedure for users.
The project team announced that it will integrate a non-transferable governance token, WLFI, into the World Liberty ecosystem, which will play a role in decision-making and the inclusion of new community members. According to assurances, platform users “will be able to propose and vote on the addition of new DeFi lending markets or the integration of new blockchains.” The whitepaper promises that the platform will have an “easy-to-use interface for accessing WLFI as a brokerage account.”
World Liberty’s rank charter lists Donald Trump as its “chief crypto advocate,” his sons Eric and Donald Jr. as “Web3 ambassadors,” and his youngest, 18-year-old son Barron, as a “DeFi visionary.” Amid World Liberty’s launch, Trump’s daughter and daughter-in-law’s X Network accounts were hacked to promote a fake token allegedly linked to World Liberty Financial. Trump family members responded by promising that all official statements would be made exclusively through “trusted information channels.”
Earlier, the former president and current Republican presidential candidate presented a report on financial assets and reported owning cryptocurrencies worth up to $5 million.
Source: Bits
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