Trump
Trump's victory in the US presidential election has strongly pushed the price of Bitcoin above the $100,000 mark, greatly accelerating the current bull market in the cryptocurrency market. In fact, not only Bitcoin, but many projects related to the Trump team are booming. Recently, World Liberty Financial (hereinafter referred to as WLFI), which has close ties with the Trump family, has frequently purchased crypto assets such as ETH, LINK, AAVE, and ENA. This move has triggered a follow-up craze in the market, making it a weathervane that cannot be ignored in the current crypto investment market.
What is WLFi?
WLFI, as a DeFi project, officially launched on the Aave V3 platform on the Ethereum mainnet in September 2023, backed by Donald Trump and his family, including his eldest son Donald Trump Jr., his third son Eric Trump, and his youngest son Barron Trump.
Essentially, WLFI is a DeFi platform focused on cryptocurrency lending and investment. Its founders, with grand visions, aim to make it a powerful tool for users to achieve financial independence, intended to break the constraints of traditional financial intermediaries and provide users with private, efficient peer-to-peer trading services, thereby injecting strong momentum into the development of global decentralized finance, especially opening new financial paths for those who have difficulty accessing traditional banking services. The Trump family even referred to it as 'the future of crypto DeFi.' As the governance token of World Liberty Financial, WLFI grants holders voting rights in community proposals, notably its initial distribution plan has been adjusted from over half for sales to focusing on community and creator rewards. This change profoundly reflects the optimization of community incentive mechanisms and the dynamic adjustment of the initial supporters' equity share.
Unlike common governance tokens such as UNI and MKR, WLFI does not possess economic rights attributes, and cannot be transferred or traded after redemption. This means that users holding this token cannot engage in buying or selling operations in the market at this stage. Although this may change in the future due to governance proposal initiatives, for now, it will remain in a non-tradable state for a considerable period.
Perhaps due to this non-transferable characteristic, WLFI has struggled to meet the expectations of cryptocurrency investors for short-term profits, showing poor market liquidity since its launch on October 15.
Moreover, it is particularly noteworthy that WLFI clearly limits participation to users outside the United States and has not registered with any financial regulatory agency. This regulation directly excludes U.S. residents from trading, and it can be inferred that this may be a strategy employed by the project to evade oversight by U.S. law enforcement agencies.
Considering its promotional model and operational logic, it can be more straightforwardly stated that WLFI is actually a project born under the influence of Donald Trump, aimed at actively promoting the widespread use of stablecoins and DeFi applications, thus solidifying the dollar's leading position in the DeFi space and contributing to the reshaping of the global financial landscape.
