World Liberty Financial (WLFI), a platform that takes inspiration from Donald Trump’s vision, is leveraging the Chainlink standard. As per Chainlink, the adoption of the Chainlink standard by World Liberty Financial focuses on expediting the wide-level adoption of decentralized finance. The platform revealed this development on its official X account.
.@worldlibertyfi (WLFI) is adopting the Chainlink standard to accelerate the mass adoption of DeFi.Inspired by President-Elect Donald J. Trump’s (@realDonaldTrump) vision, WLFI aims to democratize access to financial opportunities: https://t.co/8DTWF38iooChainlink will help…
— Chainlink (@chainlink) November 14, 2024
WLFI’s Incorporation of Chainlink Standard to Improve Cross-Chain Interoperability and On-Chain Data
Chainlink mentioned that, with its Chainlink standard, World Liberty Financial intends to revolutionize cross-chain interoperability and on-chain data. It added that this integration would assist in securing the ecosystem of the WLFI ecosystem. Additionally, it also pursues raising the position of WLFI as a chief platform to evolve the wider DeFi sector.
The Chainlink standard facilitates on-chain data as well as cross-chain connectivity, powering most of the DeFi landscape. WLFI has selected it based on its secure solution with which it can solve several problems. These issues deal with on-chain data, interoperability, and security. The effective implementation of the Chainlink standard into WLFI’s ecosystem will offer reliability and security to the community.
By adopting the Chainlink standard, WLFI will get access to the exclusive on-chain data along with the interoperability infrastructure. Moreover, the platform will also be able to leverage a forum that has already enabled above $16T in transfer value. Apart from that, Chainlink Price Feeds will deliver reliable and secure data concerning the financial market to WLFI. This is noteworthy to enable the release of the Aave v3 instance of WLFI while it onboards $WBTC, $ETH, $USDT, and $USDC.
Chainlink’s Co-Founder Sergey Nazarov, also commented, expressing excitement for this development. He added that the Chainlink standard will let WLFI attract more consumers who value reliability and security to expand DeFi. Along with that, World Liberty Financial’s Web3 Ambassador Eric Trump said that this collaboration denotes a big move forward for the DeFi sector’s future growth.
The Integration into WLFI Allows the Community to Leverage the Efficient Capabilities of Chainlink
According to Chainlink, WLFI’s adoption of the Chainlink standard permits the community to utilize the proven capabilities of the Chainlink protocol. This helps them secure prominent lending protocols. As a part of this endeavor, the Chainlink Platform offers crucial data apart from cross-chain services that WLFi needs to create programmable, liquid, and secure tokenized RWAs.
