Former President Donald Trump’s long-rumored decentralized finance (DeFi) project is slowly coming together, with more details coming to light today.
World Liberty Financial submitted a proposal on Wednesday to the governance forum of Ethereum DeFi platform Aave—upon which Trump and his business partners intend to build their crypto offering.
The project has proposed that it launch its services as an instance on Aave, meaning that the popular DeFi protocol would provide the infrastructure to allow World Liberty to function. In return, AaveDAO—the group of Aave token holders that govern the platform—would receive a substantial 20% of all protocol fees generated by World Liberty, and 7% of the supply of WLFI, the project’s…
Nov 15 2024
