According to PANews, World Liberty Financial's governance page has announced that the WLFI community has approved its first proposal to deploy a lending instance on the Ethereum mainnet based on Aave v3. This new instance will support lending and borrowing of ETH, WBTC, USDC, and USDT, managed through Aave's risk management system.
The WLFI protocol aims to provide a seamless experience for users new to decentralized finance (DeFi), promoting the adoption of over-collateralized lending and enhancing Aave's leadership in the digital asset lending market. As part of this initiative, AaveDAO will receive 20% of the protocol fee income from this instance, along with 7% of $WLFI tokens, which will be used for governance participation and liquidity incentives.