[Trump’s World Liberty Financial adopts Chainlink standard to promote DeFi expansion]
WLFI cooperates with Chainlink and is committed to building a secure decentralized finance (DeFi) platform, focusing on promoting U.S. dollar stablecoins to maintain the U.S. dollar’s global reserve status. However, the plan faced investor skepticism and technical challenges in its early stages.
WLFI uses Chainlink's price data to provide real-time financial data on USDC, USDT, ETH and WBTC, and plans to provide lending services based on Aave v3 to solve DeFi's cross-chain interoperability and market fluctuation risk issues. Chainlink has processed more than 16 trillion US dollars in transaction volume and is expected to help WLFI expand its functional ecosystem.
WLFI’s Web3 Ambassador Eric Trump expressed confidence in the future of cryptocurrencies. WLFI emphasizes P2P transactions and user-driven model. Users can participate in decision-making voting by holding WLFI tokens. In addition, WLFI hopes to attract a wider range of users by simplifying the DeFi interface and leveraging Chainlink's multi-chain infrastructure to promote asset tokenization.
Although the cooperation seemed to have great potential, the WLFI project lowered its fundraising target by 90% during the pre-sale stage and experienced technical delays at launch, leading to doubts about its feasibility. Chainlink founder Sergey Nazarov said that the application of Chainlink standards will attract users who value security and transparency, but WLFI still needs to demonstrate its unique value in the rapidly changing DeFi market.