Donald Trump's crypto project World Liberty Financial has taken a step towards integration with the DeFi protocol Aave by submitting a proposal to launch Aave V3 on the Ethereum Mainnet.
Collaboration with Aave
On October 9, 2024, World Liberty Financial announced its intention to launch its service as Aave V3 on the Ethereum Mainnet. Aave will serve as the technical backend for the new platform, providing stablecoin liquidity for Ethereum and Wrapped Bitcoin.
Goals of World Liberty Financial
WLF offers Aave DAO token holders 20% of all generated revenue and 7% of the total issuance of WLFI governance tokens. World Liberty Financial expects Aave DAO to participate in project governance, liquidity mining, and support for decentralization.
Future Development of the Project
Besides integration with Aave, WLF plans to build on the Scroll Network and attract assets that are unconventional for the Ethereum market. The project aims to expand its interaction with traditional finance and institutional investors.
The proposal by World Liberty Financial is being actively discussed within the Aave DAO community and will depend on its approval. This step is a significant milestone in the development of the project, initiated by Donald Trump.
