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Cryptocurrency News Articles

Chainlink to Provide Price Feed Data for Trump-Associated World Liberty Financial

Nov 14, 2024 at 10:12 pm

World Liberty Financial, the decentralized finance project associated with the Trump Organization, has chosen Chainlink (LINK) for data feed integration.

Chainlink to Provide Price Feed Data for Trump-Associated World Liberty Financial

World Liberty Financial, a decentralized finance project linked to the Trump Organization, has chosen Chainlink (LINK) for data feed integration as part of its efforts to launch the protocol on Aave v3.

Chainlink announced the adoption of its infrastructure in a press release on Nov. 14, stating that the integration will begin with the WLFI Protocol. The protocol will integrate Chainlink Price Feeds on the Ethereum mainnet, subject to approval by the WLFI Governance Platform.

“By adopting the Chainlink standard for offchain data and cross-chain connectivity, WLFI will have access to the market-leading onchain data and cross-chain interoperability infrastructure and ecosystem that has enabled over $16 trillion in transaction value.”

Chainlink to provide price feed data for World Liberty Financial. Source: Chainlink

Once approved by the WLFI community, Chainlink Price Feeds will provide critical financial market data to support the planned Aave v3 launch, although the timeline for implementation is still unknown. Notably, WLFI price surged 9% to $0.000000000001811 following the news.

Eric Trump, web3 ambassador at World Liberty Financial, called the partnership a “huge step forward,” adding that the team has never been more bullish on crypto “or the overall future of defi technology.”

On Sept. 16, President-elect Donald Trump unveiled World Liberty Financial, promising in an X post to “make America the crypto capital of the world.” Marketed as a project that provides borrowing and lending services, WLF aims to be more user-friendly and accessible than existing decentralized finance platforms.

News source:crypto.news

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