Frax Finance community debates $15 million investment in Trump’s World Liberty Financial
Frax Finance's community is considering a proposal to allocate up to $15 million to World Liberty Financial (WLFI), linked to Donald Trump's family. The proposal includes an initial $5 million investment in WLFI tokens and a potential additional $10 million based on the initial investment's success. Supporters argue this partnership could enhance Frax Finance's position in the US crypto market and help onboard millions to decentralized finance. WLFI has invested over $70 million in major DeFi projects and offers governance opportunities for token holders. However, there is significant community pushback due to concerns about financial risks and the project's valuation, with critics highlighting the potential for future dilution and comparing it to unsustainable valuations from the 2021-2022 crypto bull market.
