World Liberty Financial, backed by Donald Trump, has proposed a governance plan to Aave for its crypto project. The plan involves launching the service as an Aave v3 instance on the Ethereum mainnet, with AaveDAO receiving a share of fees and governance tokens. The project aims to enhance liquidity for stablecoins and cryptocurrencies like Ether and Wrapped Bitcoin. Deposits in Ether, WBTC, USDC, and USDT will be allowed initially. The proposal includes using Aave's reserve factor system and a trustless smart contract for revenue sharing. AaveDAO members and WLFI tokenholders will need to approve the proposal. The project plans to expand to the Ethereum layer 2 blockchain if the Aave integration is successful. Details about World Liberty Financial's platform, including the WLFI token, have been gradually disclosed, with a focus on promoting the use of stablecoins. Read more AI-generated news on: https://app.chaingpt.org/news

#ETH