Donald Trump’s World Liberty Financial Proposes Aave V3 Integration

World Liberty Financial has submitted a governance proposal to integrate its services with the decentralized finance protocol, Aave. Announced on October 9, the proposal aims to launch an Aave V3 instance on the Ethereum (ETH) mainnet, leveraging Aave as the backend platform.

Key Features of the Proposal

According to the proposal, World Liberty Financial’s Aave V3 instance will focus on enhancing stablecoin liquidity for Ethereum and Wrapped Bitcoin (WBTC). This initiative is also expected to expand Aave’s user base. Users will be able to deposit ETH, WBTC, and stablecoins like USD Coin (USDC) and Tether (USDT).

Incentives for Aave DAO

World Liberty Financial is offering Aave DAO 20% of the fees generated and approximately 7% of the total supply of the platform’s governance token, WLFI. In return, WLF requests the Aave DAO to participate in governance procedures, liquidity mining, and the promotion of decentralization within the WLF platform.

Revenue Split and Future Vision

The proposal includes using the same reserve factor system as the main Aave instance, along with implementing a trustless smart contract for revenue distribution.

“WFL foresees onboarding assets that may not be compatible with the main market on the Ethereum Mainnet, leveraging its ties to traditional finance and institutional investment,”

The proposal is currently pending approval from both the Aave DAO governance and the World Liberty Financial community.

Announcement and Future Plans

In a recent post, WLF highlighted the reasons for choosing Aave, citing the quality of their lending and borrowing protocols, security practices, and strong track record. The announcement also mentioned future plans to build on the Scroll Network.

“Our proposal aligns perfectly with WLF’s mission: to provide a secure, accessible, and user-friendly DeFi experience for everyone. This is a major step forward in our journey!”

Former U.S. President Donald Trump launched World Liberty Financial on September 16, with a vision to make America the crypto capital of the world. Marketed as a user-friendly DeFi platform, WLF aims to provide borrowing and lending services that are more accessible compared to existing platforms.

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