Donald Trump, a contender in the US presidential race, is unveiling a new DeFi (Decentralized Finance) initiative while actively campaigning. He, alongside his sons, will reveal more about the project later tonight at midnight via the platform X.
The project, named World Liberty Financial, will be introduced with full details during a broadcast at 00:00 UTC. This event promises to shed light on several aspects of the project that have remained unclear until now.
Speculation suggests that World Liberty Financial will operate as a decentralized cryptocurrency lending platform. It is expected to provide users with the ability to lock their assets while earning returns. The official communications for the project frequently mention stablecoins, emphasizing their global operations as a fundamental aspect of the platform.
Additional details hint that World Liberty Financial has also launched a token, labeled WLFI, which will soon be available through a pre-sale. The sale aims to raise around 537 million tokens. Rumors indicate a potential link between World Liberty Financial and another DeFi project, Dough Finance. Reports highlight that members of the World Liberty Financial team, including Chase Hero, were previously involved with Dough Finance, which suffered a security breach in July resulting in the theft of 2.1 million cryptocurrency tokens.
Notable figures from the crypto industry have joined World Liberty Financial as permanent advisors. Among them are Sandy Peng, co-founder of Scroll, a leading Layer 2 network, and Luke Pearson from Polychain Capital, a major investment firm focused on crypto.
The project was initially announced in August by Trump's sons, Eric Trump and Donald Trump Jr., who declared, "We're here to disrupt the crypto space." Additionally, it was revealed that Barron Trump, Donald Trump's youngest son, is also contributing to the project.
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