The crypto project World Liberty Financial, launched by Donald Trump, announced a strategic partnership with Chainlink for integrating price oracles. This collaboration marks a significant step in expanding traditional DeFi based on Ethereum's blockchain technology.
World Liberty Financial and Chainlink
The World Liberty Financial project, based on the Aave v3 protocol, officially announced on November 14 its integration with Chainlink data feeds on the Ethereum mainnet. This strategic decision will provide the platform with access to real-time and tamper-proof price data, essential for its decentralized financial services. Eric Trump, Web3 ambassador of World Liberty Financial, emphasized the importance of this collaboration, expressing unprecedented optimism for the future of DeFi and crypto.
Chainlink's Strengthening Position in DeFi
Facing increasing competition, Chainlink maintains its undisputed leader position in the oracle sector. According to DefiLlama, with about 46% of the total value secured in October 2024, the platform far surpasses its competitors like Pyth, which holds only 9.5% of the market. The company continues to innovate with the launch of new features crucial for institutional adoption, including the Blockchain Privacy Manager and CCIP Private Transactions.
The Significance of the Integration
World Liberty Financial's choice to integrate Chainlink represents a significant vote of confidence in oracle technology and marks a new step in the convergence between traditional finance and DeFi. This collaboration could catalyze the massive adoption of decentralized financial services by a broader audience.
The integration of Chainlink into the World Liberty Financial project highlights the potential of merging traditional financial systems with new decentralized technologies, creating a solid foundation for their joint development.
