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Cryptocurrency News Articles
The crypto project World Liberty Financial integrates Chainlink
Nov 15, 2024 at 08:05 pm
World Liberty Financial, based on the Aave v3 protocol, officially announced on November 14 its integration with Chainlink data feeds on the Ethereum mainnet.
World Liberty Financial, a crypto project launched by Donald Trump, has just announced a strategic partnership with Chainlink for the integration of price oracles. This collaboration marks a major step in the expansion of traditional DeFi, as the project relies on Ethereum’s blockchain technology.
World Liberty Financial integrates Chainlink data feeds on Ethereum mainnet
World Liberty Financial, a crypto project built on the Aave v3 protocol, officially announced on November 14 its integration with Chainlink data feeds on the Ethereum mainnet. This strategic move will enable the platform to access real-time and immutable price data, which is critical for its decentralized financial services.
Eric Trump, Web3 ambassador for World Liberty Financial, highlighted the significance of this collaboration, expressing immense optimism for the future of DeFi and crypto.
The choice of Chainlink as the oracle provider is also noteworthy. Recently, the company successfully completed a pilot program with SWIFT, showcasing its capability in bridging traditional finance with the blockchain realm.
Furthermore, the WLFI token of World Liberty Financial will be available exclusively to accredited U.S. investors and non-U.S. residents, showcasing the project's measured approach to regulatory matters.
This partnership comes at a time when Chainlink is solidifying its leadership in the blockchain ecosystem, particularly with its recent innovations in transaction privacy.
Chainlink maintains its dominance in the DeFi ecosystem
Despite facing competition, Chainlink maintains its undisputed leadership position in the oracle sector. With around 46% of the total value secured (TVS) in October 2024, according to DefiLlama, the platform outperforms its rivals by a significant margin. For instance, Pyth, the second-largest oracle, holds only 9.5% of the market.
The company continues to drive innovation with the launch of new features essential for institutional adoption, such as the Blockchain Privacy Manager and CCIP Private Transactions. These tools empower businesses to safeguard their sensitive data while enjoying the benefits of blockchain technology.
Recent partnerships, notably with UBS and the Monetary Authority of Singapore, along with TronDAO adopting Chainlink, showcase the growing trust from traditional institutions and major blockchain players in Chainlink.
The decision by World Liberty Financial to integrate Chainlink marks a vote of confidence in oracle technology and a new step in the convergence of traditional finance and DeFi. This collaboration could pave the way for decentralized financial services to be adopted en masse by a broader audience.
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