World Liberty Financial (WLFI) has partnered with Chainlink, it was announced Thursday, to expand its decentralized finance (DeFi) initiatives. The partnership will leverage Chainlink ‘s secure pricing channels and data services to support WLFI’s DeFi applications, including the upcoming Aave v3 integration.
As part of this initiative, WLFI will integrate Chainlink’s pricing channels to secure the prices of various digital assets on the Ethereum core network. This step is important to provide the DeFi WLFI platform with the reliable data needed for smooth operations.
Chainlink will also help solve the problem of cross-chain interoperability, allowing the WLFI platform to connect to other blockchain networks. According to Chainlink, its pricing channels have effectively secured AAVE since its launch, contributing to the continued security of AAVE markets for more than five years.
In addition, WLFI plans to support dollar-based stablecoins , reinforcing its mission to maintain the US dollar’s position in global markets as the “world’s reserve currency.” The WLFI management platform will also strengthen its community through the $WLFI token, allowing holders to participate in decisions that shape protocol updates and future directions.
“World Liberty Financial’s partnership with Chainlink marks a huge step forward. Never before have we been more optimistic about cryptocurrencies or the overall future of DeFi technology.” – World Liberty Financial Web3 ambassador Eric Trump said.
Looking ahead, Chainlink’s platform can further support WLFI’s solutions, including proof of reserves for tokenized real-world assets (RWAs). “We’re excited to work with WLFI on their data, cross-chain and all of Oracle‘s other network needs,” – Chainlink co-founder Sergey Nazarov stated .
“The Chainlink standard is already widely used at DeFi and will help WLFI attract users who value the security and reliability that has already helped grow DeFi as an industry,” – Nazarov said.
