World Liberty Finance (WLF) plans to raise $300 million via a token sale.
Plans involve a stablecoin credit card and fractionalizing real assets.
Donald Trump’s new venture, World Liberty Finance (WLF), is gearing up to raise $300 million through its upcoming token sale. This initiative, co-founded by Trump and his three sons, aims to establish a decentralized finance (DeFi) platform designed to enhance the mass adoption of digital assets. The project seeks to offer a compliant, user-friendly solution that caters to a diverse range of financial needs.
The first phase of WLF will involve launching a version of the popular Aave DeFi lending protocol. This will occur on Scroll, an Ethereum Layer 2 scaling solution. In doing so, WLF hopes to enhance the lending and borrowing experience for users. Additionally, the platform plans to utilize governance tokens, known as WLFI tokens. These tokens will enable users to vote on future developments within the platform.
The WLFI token sale is particularly notable, aiming for a valuation of $1.5 billion upon its initial release. However, the tokens will be non-transferable for the first twelve months. This feature ensures stability and allows users to focus on community-driven development.
What Is the Leadership Structure for World Liberty Finance?
Alongside Trump, prominent figures like Luke Pearson of Polychain Capital and Corey Caplan, co-founder of Dolomite, have joined the project. They will lead various aspects, ensuring WLF’s technical and strategic foundation is robust.
Furthermore, World Liberty Finance has laid out an ambitious roadmap. The second phase will integrate exchanges for seamless on-ramping and off-ramping through an on-chain Know Your Customer (KYC) process. This will simplify the interaction between traditional finance and cryptocurrency. Additionally, WLF plans to introduce a stablecoin credit card, allowing users to spend their digital assets in real-world transactions.
The final phase will involve the fractionalization of real-world assets, such as hotels and sports clubs. By obtaining the necessary regulatory licenses, WLF aims to facilitate the integration of tangible assets into the digital finance ecosystem.Highlighted Crypto News Today SUI Fails to Sustain Bullish Momentum: Transaction Volume Drops
