World Liberty Financial (#wlf ), the DeFi project backed by the Trump family and its partners, has officially applied to deploy on $AAVE
V3. According to the WLF team, Aave was chosen because of its security protocols and the team's DeFi expertise. Through the partnership, WLF can provide its users with a safe and secure environment for borrowing and lending cryptocurrencies such as $ETH
, WBTC, $USDC
and #USDTă
As part of its integration with Aave, WLF plans to utilize Aave's reserve factor model to invest 20% of the interest earned through the Aave protocol into Aave's #ECOSYSTEM reserve. The project will also launch a non-mutualizable token called WLFI for the project's accredited investors. In terms of token distribution, 63% of the token will be made available to the public, 17% of the token will be used for user rewards and 20% will be used to reward the team.
The proposal will be presented to the Aave DAO community and members will be able to vote on it in the next few days. #WLFI token holders will also have to agree to the plan before it can be brought to market.
