World Liberty Financial: To the Moon on Aave v3?
World Liberty Financial (WLF), a newly launched DeFi project connected to the Trump family, has put forward a proposal to integrate its platform with the Aave v3 protocol on Ethereum.
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World Liberty Financial (WLF), a newly launched DeFi project connected to the Trump family, has put forward a proposal to integrate its platform with the Aave v3 protocol on Ethereum.
The proposal aims to launch a World Liberty Financial Aave v3 instance, with the following objectives:
- Provide liquidity (in stablecoins) for ETH, wrapped Bitcoin (WBTC), and other digital assets, as determined by the WLF community.
- Expand the user base for Aave’s protocol.
Related: The DeFiant Ones: The Trump Family Launches New DeFi Platform
Value and Motivation for Aave and Its DAO:
- WLF plans to conduct targeted marketing to raise awareness about DeFi opportunities and their safety.
- Educational initiatives to introduce more people to digital collateral loans and credit.
- Optimizing the user experience for lending and borrowing with digital assets.
Related: What is DeFi?
Additionally, the Trump family argues that this collaboration will increase Aave’s brand loyalty, boost its recognition among new DeFi users, and help maintain Aave's position as a leading lending platform.
Donald Trump Promoting WLF Himself Source: Trump’s X account
Related: What is AAVE? Overview of the Project and Its Token
Key Details of WLF’s Proposal for Aave v3
The Trump team proposes that the initial WLF Aave v3 instance will support deposits in USDC and USDT stablecoins, along with the most liquid cryptocurrencies like ETH and WBTC. Users will be able to use these assets as collateral for loans or borrow them directly from the platform.
WLF will also adopt Aave’s reserve factor system.
AaveDAO would receive the following from World Liberty Financial:
- 20% of the fees generated.
- 7% of the total supply of WLFI (WLF's governance token).
Users will earn rewards for participating in World Liberty Financial’s governance, liquidity mining, and decentralization efforts.
Related: Governance Tokens: The Backbone of Decentralization
Revenue distribution will be handled through a trustless smart contract.
Looking ahead, World Liberty Financial plans to integrate assets that may not align with Ethereum’s main market, utilizing its connections to traditional finance and institutional investments.
For the project to proceed, it will need approval from both AaveDAO and the World Liberty Financial community.
The next steps might involve launching on the L2 Scroll network (if approved), though this is not yet part of the current proposal
notes The Coinomist analyst Dmytro Psevdonimenko.
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