News - Donald Trump's DeFi project invests in Ethereum, Chainlink and Aave.
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Donald Trump is not only interested in Bitcoin. With World Liberty Financial, the family of the incoming US president is developing its own DeFi platform.
The DeFi project of incoming President Donald Trump is investing in Ethereum, Chainlink and Aave. According to Lookonchain data, World Liberty Financial invested 10 million USDC in these three cryptocurrencies on Dec. 12.
Trump's World Liberty(@worldlibertyfi) is buying $ETH, $LINK and $AAVE!
— Lookonchain (@lookonchain) December 12, 2024
In the past 9 hours, the World Liberty Multisig wallet spent 10M $USDC to buy 2,631 $ETH at $3,801, 1M $USDC to buy 41,335 $LINK at $24.2, and 1M $USDC to buy 3,357 $AAVE at $297.8.https://t.co/mtD0c2tvvo pic.twitter.com/B11KvcwRJQ
Since mid-November, the Trump family's DeFi project has partnered with Chainlink. This collaboration allows Chainlink to support the platform by providing key pricing data and improving interoperability between different blockchains.
Members of the Trump family, including Donald Trump himself, announced the launch of the DeFi project this September. World Liberty Financial (WLFI) focuses on promoting the acceptance of stablecoins and expanding access to decentralized financial services. Yet the subsequent token sale was a disappointment.
Many investors are celebrating Donald Trump's victory in the battle for the White House. The crypto market has also been celebrating since early November. Bitcoin reached the magical $100,000 mark for the first time last week.