Chainlink will provide crucial pricing data and cross-chain interoperability infrastructure for the nascent DeFi platform.

Updated Nov 14, 2024, 1:26 p.m. Published Nov 14, 2024, 1:24 p.m.

World Liberty Financial (WLFI), the nascent decentralized finance (DeFi) protocol supported by Donald Trump and his family, said Thursday that it will use data provider Chainlink's services for better integrating with the wider crypto ecosystem.

Chainlink will support the platform by providing crucial pricing data and cross-chain interoperability infrastructure.

"The Chainlink standard is already widely used across DeFi and will help WLFI attract users that value the security and reliability that has already helped grow DeFi as an industry,” Chainlink co-founder Sergey Nazarov said.

World Liberty Financial is spearheaded by Zachary Folkman and Chase Herro, who worked previously on DeFi platform Dough Finance, which saw $2 million of crypto assets drained through a July exploit. Members of the Trump family, including Donald Trump, publicly championed the project on social media, with the former president being titled as "Chief Crypto Advocate." for the platform. Two of his sons, Eric Trump and Donald Trump Jr., are involved as "Web3 Ambassadors," while his other son Barron Trump is listed as "DeFi Visionary."

The project aims to launch on DeFi lending powerhouse Aave's v3 platform on Ethereum mainnet to provide liquidity for ether (ETH), wrapped bitcoin (wBTC), stablecoins and other digital assets.

"World Liberty Financial's partnership with Chainlink marks a huge step forward," Eric Trump, web3 ambassador at World Liberty Financial," said in a statement. "Never before have we been more bullish on crypto or the overall future of DeFi technology.”

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