President-elect Donald Trump’s crypto venture World Liberty Monetary (WLFI) is loading up on decentralized finance (DeFi) altcoins, on-chain knowledge exhibits.
Blockchain intelligence platform Arkham experiences that WLFI’s treasury acquired $50 million price of various DeFi cash in preparation for its launch.
“UPDATE: DONALD TRUMP’S WORLD LIBERTY FI ACQUIRED $50 MILLION OF DEFI COINS
The World Liberty Finance Treasury simply acquired:
$35 million of ETH/WETH
$10 million of cbBTC
$1 million of LINK
$1 million of AAVE
Is Trump lengthy DeFi?”
WLFI went live with its token sale in October.
The venture initially mentioned that 63% of all WLFI can be offered to the general public, however in response to its present whitepaper – or “goldpaper”– World Liberty Monetary seems to have lowered that to 35%.
With World Liberty Monetary but to publicly launch, it’s nonetheless not 100% clear what companies the platform will present.
World Liberty Monetary says it’s the “solely DeFi platform impressed by Donald J. Trump” and goals to steer a “monetary revolution by dismantling the stranglehold of conventional monetary establishments and placing the facility again the place it belongs: in your fingers.”
Information from Ethereum blockchain explorer Etherscan shows that the TRON DAO acquired 2 billion tokens from its funding in WLFI, making Tron (TRX) founder Justin Solar and the DAO the biggest holders.
With the acquisition, Solar additionally turned an advisor to the venture.
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