šDeFi project supported by Trump family will officially start public token sales next weekš
The decentralized financial protocol supported by Trump and his family announced that the World Liberty Financial (WLFI) token sale will be open to all whitelisted qualified people on October 15. This news is only three weeks away from the presidential election in which Trump participated as a Republican candidate!
WLFI is led by Zachary Folkman and Chase Herro, who previously worked on the DeFi platform Dough Finance, which was attacked in July and lost $2 million in crypto assets.
Trump and his family have publicly supported the World Liberty Financial project many times, and former President Donald Trump is known as the "chief cryptocurrency advocate". His two sons Eric and Donald Jr. participated in the project as "Web3 ambassadors", and another son Barron Trump was listed as a "DeFi visionary".
According to a report by The Block on Thursday, the WLFI project plans to raise $300 million through token sales, with a project valuation of $1.5 billion. The WLFI token is the governance token of the protocol, and holders will be able to vote on the future development of the protocol.
In addition, the project plans to launch on the v3 version of Aave, a DeFi lending platform on the Ethereum mainnet, aiming to provide liquidity for digital assets such as ETH, wBTC, and stablecoins.
On the other hand, participants in the blockchain prediction market Polymarket are also optimistic about Trump's performance in the presidential election on November 5.
At the same time, the launch of the WLFI project and the token sale will undoubtedly bring new attention to the DeFi field, and may also trigger further discussions on the future direction of the cryptocurrency market.
In short, the development of this project and the involvement of the Trump family will undoubtedly bring new dynamics to the cryptocurrency market. How it will affect the DeFi field and investors' views on such projects are worthy of our continued attention.
š¬ What do you think of this DeFi project supported by the Trump family? Do you think this will accelerate the recent downturn in the DeFi field?
