Trump family’s World Liberty Financial formally proposes to launch on Aave Ethereum mainnet

BlockBeats news, October 10, according to The Block, World Liberty Financial (WLF) proposed to use Aave V3 to launch on the Ethereum mainnet on Wednesday, allowing users to borrow assets such as ETH, WBTC, USDC and USDT. The project is supported by the Trump family and aims to provide a safe lending platform.

WLF plans to allocate 20% of the protocol interest to the Aave ecosystem reserve and will expand to the Scroll Ethereum second-layer network after successful integration. In addition, WLF will sell non-transferable governance tokens to qualified investors, and 63% will be used for public sales. Despite facing doubts, analysts believe that the project may attract more users to decentralized finance.