World Liberty Financial tapped Chainlink to drive mass DeFi adoption
What is 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.
Leader Zachary Folkman and Chase Herro, both who worked previously on DeFi platform Dough Finance. (which closed in 2021).I
What will Chainlink provide?
- Initially providing crucial pricing data and cross-chain interoperability infrastructure for the new DeFi platform.
- Additionally, providing support for crucial pricing data and cross-chain interoperability infrastructure as the oracle provider
- As well as providing onchain data and cross-chain connectivity on Ethereum.
- Look for a launch on DeFi lending Aave's v3 platform on Ethereum mainnet. This will be utilized to provide liquidity for ether (ETH), wrapped bitcoin (wBTC), stablecoins and other digital assets.
Roadmap integration items:
World Liberty plans to implement additional features from Chainlink, including
- cross-chain interoperability
- proof of reserves for real-world assets (RWAs).
Summary
Regardless IF you like the people behind the project these are ambitious goals and I believe the Chainlink team and technology will make it happen. You ready for greater ease of use?
Credits
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