#donaldtrump to Unveil DeFi Project Tonight: What to ExpectUS presidential candidate Donald Trump is set to announce a new decentralized finance (DeFi) project called World Liberty Financial during his election campaign. The announcement will be broadcast on X (formerly Twitter) at 00:00 UTC, and the project, developed with his sons Eric and Donald Jr., is expected to introduce a new platform centered around stablecoins.World Liberty Financial is speculated to be a decentralized lending platform where users can lock their assets and earn rewards. Early information points to the involvement of a token called WLFI, which will soon be available through a pre-sale, aiming to raise 537 million dollars.However, concerns have surfaced due to connections between this project and Dough Finance, a DeFi platform that suffered a hack in July, leading to the theft of 2.1 million dollars in crypto. Notably, Chase Hero, involved in Dough Finance, is also linked to the Trump initiative.Key crypto figures such as Sandy Peng, co-founder of Scroll, and Luke Pearson of Polychain Capital, are among the advisors. The project was initially teased in August, with Trumpâs youngest son Barron reportedly involved as well.
