The DeFi project backed by Donald Trump and his sons, World Liberty Financial (WLFI), announced its strategic partnership with the Chainlink (LINK) blockchain to facilitate mass adoption of the DeFi sector.
WLFI has chosen Chainlink as its default provider for on-chain data and cross-chain connectivity to aid in the launch of its platform on the Ethereum mainnet.
“The Chainlink standard for onchain data and cross-chain connectivity, which powers the majority of DeFi today, was chosen by WLFI as the most secure solution to solve the critical security, interoperability, and onchain data issues associated with successfully launching a leading DeFi platform. WLFI seeks to usher in the next wave of mass adoption of DeFi, and implementing the Chainlink standard will provide the WLFI community with the security and reliability it needs to succeed in this goal.”
The project explained that the adoption of the Chainlink standard will begin with the WLFI Protocol integrating Chainlink Price Feeds into the Ethereum mainnet, supporting the planned launch of the World Liberty Financial Aave v3 instance, subject to the WLFI Governance Platform approval process.
“By adopting the Chainlink standard for offchain data and cross-chain connectivity, WLFI will have access to the industry-leading onchain data infrastructure and ecosystem and cross-chain interoperability that has enabled over $16 trillion in transaction value. Chainlink Price Feeds will provide the WLFI Protocol with a secure and reliable source of financial market data, crucial to enabling the launch of WLFI’s Aave v3 instance as it integrates assets such as USDC, USDT, ETH, WBTC, and many others.”
Sergey Nazarov, Co-Founder of Chainlink, commented on the integration by noting: “We are excited to partner with WLFI on their data, cross-chain, and all other oracle network needs. The Chainlink standard is already widely used in DeFi and will help WLFI attract users who value the security and reliability that have already helped DeFi grow as an industry.”
World Liberty Financial emphasized which seeks to pioneer the DeFi space, inspired by US President-elect Donald Trump’s vision to democratize access to financial opportunities while safeguarding the global position of the US dollar.