In summary
- WLFI diversified its treasury by investing $5 million in ETH, LINK, and AAVE for the first time.
- The community approved launching Aave v3 with ETH, WBTC, USDC and USDT, benefiting AaveDAO.
- Trump boosted his crypto support, promising favorable regulations and new appointments.
This has been a big week of DeFi news for Donald Trump-backed crypto project World Liberty Financial (WLFI). Earlier this week, the project expanded its portfolio with a $5 million investment in three major assets: Ethereum (ETH), Chainlink (LINK), and Aave (AAVE).
The acquisitions include 2,631 ETH at $3,801 each, 41,335 LINK at $24.2 and 3,357 AAVE at $297.8, according to on-chain analytics platform Lookonchain.
The purchases mark WLFI’s first foray into LINK and AAVE, diversifying its growing treasury. In fact, since the reversal, LINK has risen to a 3-year high amid rising open interest in futures contracts.
Additionally, the project community has now approved a proposal to launch an Aave v3 instance. Initially, it will support borrowing and borrowing for Ethereum (ETH) and Wrapped Bitcoin (WBTC), and the stablecoins Tether (USDT) and USDC.
The deal will see AaveDAO receive 7% of the circulating supply of WLFI tokens. The DAO will also receive 20% of all fees generated by the new instance, according to the proposal.
Meanwhile, World Liberty Financial is already leveraging Chainlink for data accuracy and cross-chain connectivity. Last month, its governance community proposed launching an Aave v3 protocol on Ethereum.
“I think it’s a play to support the assets that their DeFi platform will use,” Nicolai Sondergaard, research analyst at Nansen, told Decrypt. “Chainlink will provide the interoperability infrastructure, and the project is launching on Aave v3, which is on Ethereum.”
News about World Liberty Financial purchases and new Aave v3 instance comes as DeFi tokens are seeing impressive gains. LINK and AAVE are up 23% and 44% in the last week, respectively. Meanwhile, Ethereum made its own run and nearly regained $4,000 on Thursday, according to data from CoinGecko.
The World Liberty Financial protocol now has more than $50 million in ETH and approximately $74 million in cryptocurrencies, including wrapped Bitcoin (wBTC) and stablecoins such as USDC and USDT, according to data provided by Blockchain intelligence service Arkham Intelligence.
Arthur Azizov, CEO of B2BINPAY, noted the importance of Ethereum for projects like World Liberty Financial: “Ethereum powers a wide range of dApps in gaming, betting, socialization, NFTs and DeFi,” Azazov told Decrypt. “With constant innovation and new projects emerging on its platform—even Tether Treasury printing billions of USDT on Ethereum—its token price is likely to continue rising. I expect Ethereum to reach $7,000 in 2025.”
Initially launched by Donald Trump’s son, Eric Trump, in August 2024, World Liberty Financial stands out as a “one-stop shop” for crypto lending and lending services.
President-elect Donald Trump’s support for cryptocurrencies has been one of the most unexpected narratives of his re-election campaign.
Trump has shifted his skeptical stance toward cryptocurrencies to defend the crypto industry, vowing to fire SEC Chairman Gary Gensler, reform crypto regulations, and even free Silk Road founder Ross Ulbricht.
Since Trump’s re-election, he has doubled down on his pro-crypto stance, appointing several Cryptocurrency advocates to high-profile positions. These include new SEC Chairman Paul Atkins and Florida Congressman Matt Gaetz as the next Attorney General.
Edited by Stacy Elliott.
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