Recently, the WLFI project initiated by the Trump family has proposed a bold plan to deploy an instance of Aave V3 on the Ethereum mainnet.
It's like an upgraded version of a lending market, a "smart bank" overseen by professional external risk managers to ensure everything operates smoothly. It is not built from scratch but stands on the solid shoulders of Aave V3, ready to make a big splash on the Ethereum mainnet.
At the beginning, WLFI intends to let major players like USDC, USDT, ETH, and WBTC take the stage first, providing everyone with a lending showcase. Of course, this is not all; it will depend on the voting results of WLFI, and who knows, a new asset might be added one day.
For example, it’s like borrowing money from a bank; in the past, you might only have been able to choose from a few fixed loan options, but now with the launch of WLFI’s "smart bank," there are more choices. You can borrow using stablecoins like USDC and USDT, or use digital currencies like ETH and WBTC as collateral. Moreover, as the project progresses, even more assets may join in the future, providing you with more flexibility in borrowing and potentially earning more.
This data-driven approach, while it cannot currently provide exact numbers, just think about the transaction volume on the Ethereum mainnet, which is measured in billions. WLFI’s move undoubtedly aims to carve out a piece of this hot land, and it could even stir the winds of the entire lending market.
In summary, the WLFI plan sounds exhilarating. Let’s wait and see if the Trump family can make a big impact in the digital currency field this time.