Donald Trump-backed DeFi project leans on Chainlink amid criticism and unmet financial goals
Ad World Liberty Financial (WLFI) has partnered with Chainlink to enhance DeFi adoption, designating Chainlink as its primary provider for on-chain data and cross-chain connectivity. This integration will utilize Chainlink’s Price Feeds on the Ethereum mainnet, facilitating the onboarding of digital assets like USDC, USDT, ETH, and WBTC for WLFI’s Aave v3 protocol. WLFI aims to create a DeFi hub for lending, borrowing, and investing in digital assets while promoting US dollar-based stablecoins. The WLFI token will enable holders to vote on protocol decisions. WLFI has faced financial challenges, reducing its fundraising target from $300 million to $30 million but has raised less than $20 million. Criticism from the crypto community highlights WLFI's status as an undeveloped protocol with uncertainties regarding its future and dependencies, including Aave licensing.
