World Liberty Financial (WLFI) has entered into a partnership with Chainlink, announced Thursday, to expand its decentralized finance (DeFi) initiatives.
This collaboration will leverage Chainlink’s secure price feeds and data services to support WLFI’s DeFi applications, including the upcoming Aave v3 integration.
World Liberty Financial Expands Its DeFi Ecosystem with Chainlink
As part of this initiative, WLFI will integrate Chainlink Price Feeds to secure the pricing of various digital assets on the Ethereum mainnet.
This step is important in providing WLFI’s DeFi platform with the reliable data needed for smooth operations.
We're excited to announce that we are adopting the @chainlink standard for onchain data and cross-chain connectivity as a secure way to bring DeFi into the next stage of mass adoption. https://t.co/KBJmSplT9e
— WLFI (@worldlibertyfi) November 14, 2024
Chainlink will also help address cross-chain interoperability, enabling WLFI’s platform to connect with other blockchain networks.
According to Chainlink, its Price Feeds have successfully secured AAVE since its launch, contributing to the continued security of AAVE’s markets for over five years.
Additionally, WLFI plans to support dollar-based stablecoins, reinforcing its mission to maintain the U.S. Dollar’s position in global markets as “the world’s reserve currency.”
WLFI’s Governance Platform will also empower its community through the $WLFI token, allowing holders to participate in decisions that shape protocol upgrades and future directions.
“World Liberty Financial’s partnership with Chainlink marks a huge step forward. Never before have we been more bullish on crypto or the overall future of DeFi technology,” said World Liberty Financial Web3 Ambassador Eric Trump.
Chainlink to Support Future WLFI Developments
Looking ahead, Chainlink’s platform may further support WLFI developments, including proof of reserves for tokenized real-world assets (RWAs).
“We’re excited to partner with WLFI on their data, cross-chain, and all other oracle network needs,” stated Chainlink co-founder Sergey Nazarov.
“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,” said Nazarov.
The post Trump’s World Liberty Financial Adopts Chainlink for DeFi Expansion appeared first on Cryptonews.
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