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Reading: World Liberty Financial and Chainlink Strengthen the DeFi Ecosystem
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EdaFace Newsfeed > Latest News > Altcoin News > World Liberty Financial and Chainlink Strengthen the DeFi Ecosystem
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World Liberty Financial and Chainlink Strengthen the DeFi Ecosystem

vitalclick
Last updated: November 14, 2024 11:01 pm
4 months ago
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Donald Trump’s World Liberty Financial (WLFI) launches Chainlink to secure DeFi ecosystem $13 decided to cooperate with. The DeFi protocol will adopt Chainlink’s on-chain data and cross-chain interoperability standards for a successful launch.

Adoption of Chainlink StandardsAlignment with Donald Trump’s Vision

Adoption of Chainlink Standards

WLFI aims to increase the security and reliability of its platform by using Chainlink standards. The company stated that Chainlink is the safest solution in solving security, interoperability and on-chain data problems.

In the press release, WLFI Protocol’s Ethereum $3,204 It was announced that it will integrate Chainlink Price Feeds on its mainnet and 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 is in line with US President Donald Trump’s goal to democratize financial opportunity and preserve the USD’s global status.

Eric Trump explained World Liberty Financial’s collaboration with Chainlink as follows:

“World Liberty Financial’s collaboration with Chainlink is a big step. “We never had this much faith in crypto and the future of DeFi technology in general.”

Thanks to the collaboration, WLFI will benefit from Chainlink’s infrastructure with a transaction volume of more than 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 from Chainlink standards, such as cross-network interoperability and proof of reserves of assets.

The WLFI Protocol supports the adoption of US dollar-based stablecoins to provide its users with information and access to third-party DeFi applications. This aims to ensure that the dollar remains the world’s reserve currency.

Conclusion

The collaboration between World Liberty Financial and Chainlink aims to increase the security and functionality of DeFi platforms. This partnership is part of WLFI’s strategy to expand in the DeFi space and contribute to the maintenance of the US dollar as the global reserve currency.

Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that crypto currencies carry high volatility and therefore risk, and should carry out their transactions in line with their own research.

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