President Donald Trump’s WLF wants people to ‘be DeFiant’, taking the financial freedom of decentralized finance to the masses

Ethereum And The Foundation Of DeFi. It’s no wonder that World Liberty Financial chose to buy Ethereum, as it is the chain where DeFi and web3 began

President Donald Trump’s WLF wants to empower people and provide them with financial freedom. As part of this mission, the World Liberty Financial (WLFI) project, largely attributed to former President Donald Trump, has been incrementally purchasing various assets, including Ethereum and Aave.

This article delves into the WLFI project’s progress and considers the implications of its actions, particularly in the context of the coin that might be the next target for purchase.

The Importance Of Ethereum In The DeFi Ecosystem

World Liberty Financial's decision to buy Ethereum is significant. Often credited with the creation of smart contracts, Ethereum laid the foundation for decentralized finance (DeFi) and web3 as we know it today.

Currently, Ethereum boasts a market cap of over $408 billion and holds about 62% of the total value locked among all blockchains, according to DeFiLlama.

Furthermore, Ethereum's layer-1 system serves as the basis for several more scalable blockchains, including Arbitrum, Optimism, Polygon, and others, all of which are actively involved in the DeFi space.

Hence, Ethereum's value goes beyond its gas function; it's also crucial for what it represents - the underpinning of most DeFi and web3 protocols, tying them together in some way to form a larger fabric of decentralized finance.

In essence, WLFI's actions can be seen as an investment not just in Ethereum's technology but also in the broader vision of DeFi and web3 that President Trump has spoken about.

WLFI's biggest holding is $190.20M in ETH.

Aave Integration Through A DAO Vote

One of the first purchases by the WLFI project was Aave, a prominent name in the DeFi world and a close partner to Ethereum.

The World Liberty Financial website mentions a DAO vote to integrate Aave into their ecosystem.

While the specifics haven't been finalized yet, many anticipate a custom instance of Aave to be deployed specifically for WLFI holders. This Aave version is likely to operate on the Ethereum blockchain.

Alternatively, it might be deployed on the Tron blockchain, considering that founder Justin Sun is a major contributor to WLFI and now holds an advisory position.

The WLFI wallet currently holds $6.80M of Aave and $10M of Tron.

Next Coin On The Watchlist: TON

After the purchases by WLFI, all the DeFi coins experienced a price increase. Spotting which coin might be the next target could prove lucrative for those interested.

In the gold paper for WLFI, President Trump's vision is to bring DeFi to a new generation so that "eligible users of all backgrounds can more easily learn about, explore, and access the new financial opportunities Web3 offers."

There are interesting parallels between this vision and the potential of TON to draw in the masses.

TON is the blockchain that runs on Telegram, the messenger and social app with nearly 1 billion active users. Additionally, TON has seen a huge uptick in 2024 thanks to the popularity of mini apps like Notcoin, which are bringing new users into crypto.

Essentially, Telegram is a very effective way to bring ordinary people into crypto and TON, with hundreds of millions of users participating in web3 due to these games and mini apps.

However, the majority of TON's users have not yet ventured far into DeFi. Many users find TON's UI tricky, and some are dissuaded by a lack of clarity or a key main platform or place to go.

And that brings us to the second coin on the watchlist - Elluminex - the piece of the puzzle that could make TON the next coin of choice for WLF.

Elluminex Brings DeFi To Life For Telegram Users

Elluminex is making it easier for people to use DeFi. They aim to provide a better user experience with deeper liquidity and cross-chain operability.

This might include more advanced things such as trading, and liquidity providing. Or it might be as simple as wanting to pay a friend, tip someone, or make an online purchase using crypto.

Essentially, Elluminex aims to be the ‘all-in-one’ trading app and DeFi hub for Ton and Telegeram, improving user experience through a better interface, deeper liquidity, and cross-chain operability.

Elluminex recognizes that user experience isn't the only barrier. For some, it's education. And for that reason, they will launch a learning academy.

Ultimately, they will help fulfill President Trump's vision for the ordinary man to be able to use DeFi. And whether WLFI buys any or not, if people are bullish about DeFi, then it makes sense to be bullish about a blockchain like TON, and a comprehensive DeFi Dapp on it - thanks to Telegram's massive user base.