Financial reports from AaveDAO or World Liberty Financial

Trump-Backed World Liberty Financial to Launch $300M Token Sale at $1.5B Valuation on October 15, Proposes Aave Partnership

Oct 11, 2024, 04:58 PM

World Liberty Financial (WLF), a decentralized finance (DeFi) project backed by former U.S. President Donald Trump and his family, is set to launch its WLFI token sale on October 15th. The project aims to raise $300 million by selling 20% of its token supply at a $1.5 billion valuation. WLF has proposed a partnership with AaveDAO to launch borrowing and lending services on Ethereum using Aave's infrastructure, focusing on stablecoin liquidity for ETH and WBTC. In the proposal, WLF offers AaveDAO 20% of the fees and 7% of WLFI tokens, which are non-transferable and locked for AaveDAO. The partnership could potentially boost AaveDAO's treasury by $100 million. Accredited investors can participate by completing KYC through their Web3 wallets, and the project has already attracted thousands of sign-ups on its waitlist. WLF aims to turn America into the crypto capital.