the new crypto era supported by Trump

World Liberty Financial (WLFI), supported by the Trump family, joins Chainlink to optimize its DeFi infrastructure. The initiative aims to enhance security and interoperability, marking a new chapter in the growth of decentralized finance.

Let’s see all the details in this article. 

The Trump family supports the WLFI project, with Chainlink providing price data and an innovative infrastructure

World Liberty Financial (WLFI), an emerging decentralized finance (DeFi) platform publicly supported by Donald Trump and his family members, has announced a key collaboration with Chainlink.

This partnership represents an important evolution for the DeFi sector, with the goal of expanding adoption and ensuring greater reliability for users. 

WLFI has revealed that it will integrate price data provided by Chainlink and leverage its cross-chain interoperability infrastructure for an optimized connection with the crypto ecosystem.

This move is intended to strengthen the efficiency of the platform, considering that Chainlink is one of the recognized leaders in the oracle network sector, essential for transmitting accurate and secure information on market quotations. 

Sergey Nazarov, co-founder of Chainlink, emphasized the following: 

“The Chainlink standard is widely adopted in the DeFi industry. By supporting WLFI, we aim to ensure the security and reliability that have already contributed to the growth of the sector.”

The direct involvement of the Trump family, an intriguing novelty in the world of digital finance, has attracted a lot of attention. 

Donald Trump has accepted the symbolic role of “Chief Crypto Advocate” of the platform, promoting the importance of DeFi as a pillar of the financial future. 

The sons Eric Trump and Donald Trump Jr. are also involved as “Web3 Ambassadors,” while the young Barron Trump has been described as a “DeFi Visionary,” a term that indicates the willingness to explore innovative financial solutions.

An ambitious plan for the future of DeFi

WLFI is preparing to launch its platform on version v3 of Aave, another pillar of the DeFi landscape, on the Ethereum mainnet.

The primary goal is to provide liquidity to tokens like ether (ETH), wrapped bitcoin (wBTC), stablecoin, and other digital assets. 

The integration with Chainlink, however, promises to go beyond merely supporting price data. It is expected to create an interoperable system that makes cross-chain transactions smoother and more secure.

Eric Trump, speaking enthusiastically about the project, stated: 

“The partnership with Chainlink represents a significant leap forward for World Liberty Financial. We have never been so bull on cryptocurrencies and the future of DeFi. This is just the beginning of a global transformation.”

The vision of WLFI extends far beyond a simple trading platform. The integration with Aave and other future initiatives aims to make the protocol a point of reference for those seeking stability and innovation in the DeFi world. 

However, the project also has a troubled history. Some team members, including co-founders Zachary Folkman and Chase Herro, were previously involved with Dough Finance. 

That is, a DeFi platform that suffered an exploit attack of 2 million dollars last July. Despite these precedents, the founders seem determined to demonstrate that WLFI can guarantee robust security and superior operational efficiency.

Enthusiasm and questions

While the enthusiasm for the initiative grows, there are also questions about how the political influence of the Trump family could shape the public perception of the project. 

While on one hand the involvement of prominent figures brings more attention, on the other it raises debates about the appropriate combination of politics and technological innovation.

As we know, the cryptocurrency market is experiencing a period of turbulence and opportunity. Bitcoin, for example, has recently surpassed $93,000, a historic record that reflects the increase in demand in the United States.

In parallel, memecoins, like DOGE, are also experiencing a bull moment, suggesting that the bull cycle could be driven by speculative factors. 

This dynamic context makes it even more crucial for WLFI to ensure stability and transparency in its offering.