World Liberty Financial, the DeFi venture backed by the Trump household, has secured over 100,000 authorised US investors for its WLFI token presale whitelist, scheduled for Oct 15.

The venture is area to steal $300 million, with a projected valuation of $1.5 billion. Its originate comes merely weeks ahead of the US presidential election, in which authorized President Donald Trump is running as the Republican candidate.

WLFI token pre-sale

For the length of an X Spaces dialogue on Oct. 14, co-founders Zachary Folkman and Plug Herro outlined the platform’s core companies, emphasizing the platform’s lengthy-term purpose of developing DeFi more accessible.

Positioned as a governance token, WLFI will allow users to participate in DeFi actions, at the side of borrowing, lending, liquidity introduction, and stablecoin transactions.

The 2 co-founders also confirmed that non-US investors were fastidiously vetted to conform with local regulations ahead of taking share within the token presale. Plenty of key figures from the crypto build attended the dialogue, at the side of Aave CEO Stani Kulechov and Scroll co-founder Sandy Peng.

The venture’s governance mannequin will level of interest on DeFi, with all selections made in step with US regulatory requirements. This level of interest on regulatory compliance ensures that the platform stays a legally compliant operation, a predominant step in gaining believe within the nascent crypto change.

The token is designed to characteristic within World Liberty Financial’s platform, which integrates aspects of Ethereum and Scroll to present excessive liquidity and low-rate transactions.

Additionally, the venture will incorporate the Aave V3 protocol for lending companies, allowing users to borrow stablecoins and other assets the use of collateral comparable to USDC and Ethereum (ETH). Notably, Aave will receive a 7% allocation of the WLFI supply to wait on as a governance partner​

Trump’s involvement

Trump, serving as the “chief crypto recommend,” has positioned the venture as segment of his broader imaginative and prescient to develop the US a leader in digital assets.

Meanwhile, Eric and Donald Trump Jr. are promoting the venture as “web3 ambassadors,” whereas Barron Trump is credited as the “DeFi visionary,” further highlighting the household’s teach involvement.

With merely three weeks left ahead of the US election, market analysts internet pointed to Trump’s involvement as a doable boost for the crypto sector. His pro-crypto stance contrasts sharply with Democratic candidate Kamala Harris, who's seen as less supportive of digital assets.

Per prediction markets, Trump is on the 2nd leading within the 2024 presidential dawdle, with Polymarket exhibiting him at 54.9% odds compared to 44.6% for Harris.

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