World Liberty Financial has announced a collaboration with Chainlink to enhance the security and functionality of its DeFi ecosystem.
Adoption of Chainlink Standards
World Liberty Financial (WLFI) aims to enhance the security and reliability of its platform by utilizing Chainlink standards. The company stated that Chainlink offers the most secure solution for addressing security, interoperability, and on-chain data issues. The press release indicated that the WLFI Protocol will integrate Chainlink Price Feeds on the Ethereum mainnet and will support the planned launch of World Liberty Financial Aave v3. The WLFI platform is built on the Aave DeFi protocol.
Alignment with Donald Trump’s Vision
World Liberty Financial reaffirmed its vision to further develop the DeFi space. This vision aligns with former U.S. President Donald Trump’s goal of democratizing financial opportunities and maintaining the global status of the USD. Eric Trump explained the significance of World Liberty Financial’s collaboration with Chainlink: "World Liberty Financial’s partnership with Chainlink is a significant step. We had never believed in cryptocurrencies and DeFi technology to this extent before."
Conclusion of Collaboration
Through this collaboration, WLFI will benefit from Chainlink’s infrastructure with a transaction volume exceeding 16 trillion dollars. Chainlink Price Feeds will provide secure and reliable financial market data for the integration of assets such as USDC, USDT, ETH, and WBTC into the WLFI protocol. In the future, WLFI will implement additional capabilities such as cross-chain interoperability and proof of reserves for its Chainlink standards. The WLFI Protocol supports the adoption of USD-based stablecoins to provide information to users and facilitate access to third-party DeFi applications, aiming to maintain the dollar’s status as the world’s reserve currency.
The collaboration between World Liberty Financial and Chainlink aims to enhance the security and functionality of DeFi platforms. This partnership stands out as part of WLFI’s strategy for expansion in the DeFi space and for contributing to the preservation of the US dollar as a global reserve currency.
