Trump-connected World Liberty Financial formally proposes launching on Aave's Ethereum mainnet instance
Powered by @unfolded- World Liberty Financial has proposed launching on Aave V3 on Ethereum mainnet, enabling users to borrow or lend ETH, WBTC, USDC, and USDT.
- The project, associated with the Trump family, aims to leverage Aave's security and strong track record to create a reliable DeFi platform.
- A portion of the protocol's interest will be allocated to the Aave Ecosystem Reserve, and plans for expansion to the Scroll Ethereum Layer 2 are in consideration.
- The initiative has garnered mixed reactions, with some believing it could attract more users to DeFi, which currently has low engagement despite significant staking across major chains.