Trump Crypto Venture Joins Chainlink for Off-Chain Data
A Trump-affiliated decentralized financial network would partner with a well-known oracle supplier.
Many believe a strategic cooperation might alter decentralized finance technologies.
World Liberty Financial announced a data feed integration deal with Chainlink, a well-known oracle provider, for its decentralized financial initiative.
Trump-backed decentralized financial platform stated Chainlink integration will deliver real-time, tamper-proof data from Oracle pricing feeds.
World Liberty Financial claimed Chainlink will offer the platform the “security and reliability” it needs to start the next wave of decentralized finance broad adoption in a press statement.
World Liberty Financial Web3 Ambassador Eric Trump said the Chainlink alliance is a huge step for the platform. “Never before have we been more bullish on crypto or the overall future of DeFi technology,” Trump said.
Integrating Chainlink Price Feeds on Ethereum's mainnet with the World Liberty Financial Protocol would start Chainlink adoption. It's a step toward the platform's World Liberty Financial Aave v3 instance launch, which is pending permission.
World Liberty Financial stated in a press statement that the Protocol's goal is to provide users with information and access to third-party decentralized finance applications, which could boost the adoption of US dollar-based stablecoins and keep the greenbacks as the world's reserve currency.
Trump's decentralized finance platform might lead the DeFi field by pulling inspiration from his promise of greater open access financial possibilities to maintain the US dollar's global stature.
Chainlink Co-Founder Sergey Nazarov was excited to partner with World Liberty Financial and assist with “data, cross-chain and all other oracle network needs.”
"The Chainlink standard is already widely used across DeFi and will help WLFI attract users who value the security and reliability that has grown DeFi as an industry," Nazarov said.
