Donald Trump's crypto project announcement is hours away: What you need to know

US presidential candidate Donald Trump is launching a DeFi project while running his election campaign. Trump will explain the details of the project, which he is seen advancing with his sons, in a broadcast tonight at 03:00 on X.

US presidential candidate Donald Trump will announce the details of the DeFi project called World Liberty Financial in hours. The broadcast, which will take place at 03:00 Turkey time on X, will answer unanswered questions about the project.

On the other hand, there are some clues so far. The project is likely to be a decentralized crypto lending platform. World Liberty Financial is expected to offer a system where users can lock their assets and earn returns. The project's official channels frequently refer to stablecoins, and it is emphasized that the use of dollar-based stablecoins will be spread worldwide.

Other information that has emerged indicates that World Liberty Financial will also have a token called WLFI. This token will be offered to investors in a pre-sale. The sales are expected to generate $537 million in revenue. According to the allegations, there are strong connections between World Liberty Financial and another DeFi project, Dough Finance. It was determined that team members of World Liberty Financial, especially Chase Hero, are also involved in Dough Finance. Dough Finance experienced a hack in July, in which $2.1 million worth of cryptocurrency was stolen.

Some important figures from the crypto industry are on the project's advisory team. Sandy Peng, co-founder of Scroll, one of the leading L2 networks, and Luke Pearson, partner at Polychain Capital, one of the largest crypto-focused investment companies, are also among the advisory team members.