World Liberty Financial (WLFI) Token Sale Concludes Today, Raising $550 Million in Funding

World Liberty Financial (WLFI), a DeFi project endorsed by President Donald Trump and his sons, has finalized its token sale today

World Liberty Financial (WLFI), a decentralized finance (DeFi) project endorsed by former President Donald Trump and his sons, has finalized its token sale, securing $550 million in funding, according to an update on Monday.

The project, launched last September with the aim of promoting decentralized finance and U.S. dollar-pegged stablecoins to maintain the dollar’s prominence in global finance, managed to raise the funds despite a rocky start and a shift in strategy.

The project's core feature is a DeFi lending platform, similar to Agave, operating on the Ethereum blockchain and supporting Bitcoin, Ether, and stablecoins.

The project's governance token, WLFI, began its public sale on October 15, aiming to raise $300 million. The initial sale was for 20 billion tokens, priced at $0.015 each and limited to whitelisted individuals.

However, the initial sale saw weak demand, raising only $11 million from the sale of 766 million tokens. Due to the poor demand, the team lowered their target to $30 million.

The token sale took a turn following the launch of

The initial token sale of World Liberty Financial was closed on January 20, with 20% of the token supply being sold.

Seeing the increased demand, the project released an additional 5 billion WLFI tokens on January 20, priced at $0.05 each. By March 13, 99% of the additional tokens had been sold.

WLFI holders can participate in decisions related to the WLF Protocol. The tokens are non-transferable for the first 12 months after launch.