Donald Trump's backed project World Liberty Financial has announced its choice of the Aave DeFi protocol and has submitted a governance proposal to AaveDAO.
Choosing Aave for World Liberty Financial
World Liberty Financial formally announced its integration with the Aave DeFi protocol. The project submitted a governance proposal to Aave and plans to build on the AAVE platform, citing Aave's top-tier security practices and strong track record as key reasons for the choice.
Platform and Trading Options
Users will initially be able to trade in USD Coin (USDC), Tether (USDT), Ether (ETH), and WBTC, and also lend or borrow ETH, WBTC, USDC, and USDT on the platform.
Expansion Plans and Future Initiatives
If the Aave integration is successful, the WLFI team plans to expand onto the Scroll, an Ethereum Layer 2 blockchain. Marc Zeller, the founder of the Aave Chain Initiative, noted the project's potential to bring new audiences to the decentralized finance ecosystem.
This collaboration between World Liberty Financial and Aave marks a significant step forward in the decentralized finance space, especially given future plans to leverage Ethereum Layer 2 Scroll.