World Liberty Financial (WLFI), a decentralized finance (DeFi) initiative endorsed by President-elect Donald Trump, has made headlines with a significant $12 million purchase.
Using USD Coin (USDC), WLFI acquired various tokens, including Ethereum (ETH), Chainlink (LINK), and Aave (AAVE).
Blockchain analytics platform Lookonchain reported that the transactions were recorded on December 12 via WLFIās multi-signature wallet. Data from Etherscan shows the fund bought $10M worth of ETH at $3,801 per token, $1M worth of 41,335 LINK at $24.2 each, and $1 million in 3,357 AAVE at $297.8 per token.
According to SpotOnChain, this is WLFIās first purchase of LINK and AAVE. The firm also revealed that over the past 12 days, the organization had spent a total of $30 million to buy 8,105 ETH at an average price of $3,701.
The buying spree follows a $30 million investment by Tron founder Justin Sun, who recently became WLFIās largest investor. Sun expressed his enthusiasm for the development in a November 25 X post.
Launched in September, World Liberty positions itself as a decentralized money market offering users the ability to borrow, lend, and earn interest on crypto assets. The project initially faced some financial challenges due to early sales failing to reach the expected $300 million target.
This situation led to it scaling down its fundraising target to $30 million. Despite the problems, data from its website indicates it has successfully raised over $66.4 million by selling 4.43 billion tokens.
In another related development, the platform recently announced a partnership with Chainlink on November 14 to accelerate DeFi adoption. According to the announcement, the DeFi protocol will serve as WLFIās primary provider of on-chain data and cross-chain connectivity, supporting the projectās upcoming launch on the Ethereum mainnet.
In the initial phase of this integration, it plans to adopt Chainlinkās Price Feeds to enable the secure onboarding of digital assets like USDC, USDT, ETH, and WBTC for its Aave v3 protocol instance. The Governance Platform is expected to approve this integration.
Chainlink co-founder Sergey Nazarov highlighted the networkās established security and reliability as key factors in selecting it as WLFIās infrastructure provider. He also stated that the collaboration would enhance the Trump-backed projectās ability to attract users who value dependable technology within the DeFi ecosystem.
The post Trumpās World Liberty Acquires ETH, LINK, and AAVE in $12M Crypto Shopping Spree appeared first on CryptoPotato.
Using USD Coin (USDC), WLFI acquired various tokens, including Ethereum (ETH), Chainlink (LINK), and Aave (AAVE).
WLFIās Crypto Buying Spree
Blockchain analytics platform Lookonchain reported that the transactions were recorded on December 12 via WLFIās multi-signature wallet. Data from Etherscan shows the fund bought $10M worth of ETH at $3,801 per token, $1M worth of 41,335 LINK at $24.2 each, and $1 million in 3,357 AAVE at $297.8 per token.
According to SpotOnChain, this is WLFIās first purchase of LINK and AAVE. The firm also revealed that over the past 12 days, the organization had spent a total of $30 million to buy 8,105 ETH at an average price of $3,701.
The buying spree follows a $30 million investment by Tron founder Justin Sun, who recently became WLFIās largest investor. Sun expressed his enthusiasm for the development in a November 25 X post.
Launched in September, World Liberty positions itself as a decentralized money market offering users the ability to borrow, lend, and earn interest on crypto assets. The project initially faced some financial challenges due to early sales failing to reach the expected $300 million target.
This situation led to it scaling down its fundraising target to $30 million. Despite the problems, data from its website indicates it has successfully raised over $66.4 million by selling 4.43 billion tokens.
Strategic Partnership with Chainlink to Boost DeFi Adoption
In another related development, the platform recently announced a partnership with Chainlink on November 14 to accelerate DeFi adoption. According to the announcement, the DeFi protocol will serve as WLFIās primary provider of on-chain data and cross-chain connectivity, supporting the projectās upcoming launch on the Ethereum mainnet.
In the initial phase of this integration, it plans to adopt Chainlinkās Price Feeds to enable the secure onboarding of digital assets like USDC, USDT, ETH, and WBTC for its Aave v3 protocol instance. The Governance Platform is expected to approve this integration.
Chainlink co-founder Sergey Nazarov highlighted the networkās established security and reliability as key factors in selecting it as WLFIās infrastructure provider. He also stated that the collaboration would enhance the Trump-backed projectās ability to attract users who value dependable technology within the DeFi ecosystem.
The post Trumpās World Liberty Acquires ETH, LINK, and AAVE in $12M Crypto Shopping Spree appeared first on CryptoPotato.
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