World Liberty Financial, a decentralized finance (DeFi) project backed by former President Donald Trump and his family, has disclosed its recent cryptocurrency purchases, according to data obtained by BNC.
The project purchased $10 million in ether (ETH) and $1 million each of Aave (AAVE) and Chainlink (LINK) tokens. This follows a two-week spree where World Liberty Financial acquired 8,105 ETH at an average price of $3,700.
The bulk purchase pushed ETH prices up by 7% in Asian trading hours, while AAVE and LINK surged by 30%.
AAVE price chart on Binance. World Liberty Financial purchased $10 million in ether (ETH) and $1 million each of Aave (AAVE) and Chainlink (LINK) tokens. This follows a two-week spree where World Liberty Financial acquired 8,105 ETH at an average price of $3,700.
The Trump family has taken on key roles within World Liberty Financial, with President-elect Donald Trump serving as “chief crypto advocate.” His sons, Eric and Donald Trump Jr., are appointed as “Web3 ambassadors,” while Barron Trump holds the grand title of “DeFi visionary.” The former president, who was once skeptical of cryptocurrencies, now appears to be a champion of the digital asset class.
World Liberty Financial leverages Chainlink’s data services to enhance interoperability and provide crucial pricing data for its DeFi operations. Chainlink community liaison Zach Rynes highlighted the partnership aligns both ecosystems for scaling DeFi to mainstream audiences. “With regulatory clarity on the horizon, Chainlink and WLFi are positioned to drive unprecedented DeFi adoption,” he said.
The project is also deploying an instance of Aave v3 on Ethereum, which met its governance quorum ahead of the Dec. 13 vote deadline. This deployment will be managed by external risk managers and aims to onboard first-time users while rewarding liquidity providers with revenue sharing.
World Liberty Financial positions itself as a revolutionary platform for DeFi users, integrating lending, borrowing, and stablecoin transactions with governance through its native WLFi token. The project’s integration with cutting-edge services and alignment with a Trump-led administration promising crypto regulatory clarity positions it to make waves within the Web3 ecosystem.
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