Hold onto your hats, folks, because there's a new wave crashing into the crypto scene! World Liberty Financial (WLFI), the brainchild of a decentralized finance initiative with none other than former President Donald Trump’s endorsement, has just made a jaw-dropping splash to the tune of $12 million.
In a shopping spree fit for a crypto king, WLFI snapped up a treasure trove of digital goodies using USD Coin (USDC). They bagged a whopping 2,631 Ethereum (ETH), 41,335 Chainlink (LINK), and 3,357 Aave (AAVE). Picture this: blockchain sleuths over at Lookonchain caught these transactions red-handed on December 12, right through WLFI’s multi-signature vault. It's like catching a whale in action!
Let's break it down: $10 million went into ETH, snagged at $3,801 each. Then, they threw in $1 million for those shiny LINK tokens at $24.2 a pop, and finally, another cool million for AAVE at $297.8 each. Not too shabby for a day’s work, huh?
But wait, there’s more! According to SpotOnChain, this was WLFI’s first-ever foray into LINK and AAVE territory. And guess what? Over the last 12 days, they’ve splurged $30 million on 8,105 ETH, averaging around $3,701 per token. Talk about going big or going home!
This crypto shopping spree comes right after Tron founder Justin Sun decided to roll up his sleeves and invest a whopping $30 million into WLFI, making him the big kahuna investor. Sun couldn’t contain his excitement and took to social media to shout out his $30 million bet on World Liberty Financial. The day after, WLFI confirmed Sun’s new role as an advisor. Talk about power moves!
Launched in September, WLFI is shaking things up with its decentralized money market, letting users dive into borrowing, lending, and earning interest on their crypto treasures. Despite some early hiccups, like missing a $300 million fundraising target and scaling down to a more modest $30 million goal, they've managed to raise a cool $66.4 million by selling a staggering 4.43 billion tokens. Not too shabby for a project that started with a few bumps in the road!
In an exciting twist, WLFI recently teamed up with Chainlink to supercharge DeFi adoption. This partnership, announced on November 14, means Chainlink will be WLFI’s go-to for on-chain data and cross-chain magic, gearing up for a grand Ethereum mainnet debut.
In this new alliance, WLFI plans to tap into Chainlink’s Price Feeds to securely onboard digital assets like USDC, USDT, ETH, and WBTC for its Aave v3 protocol. The Governance Platform is set to give this the green light.
Chainlink’s co-founder, Sergey Nazarov, sang praises about Chainlink’s rock-solid security and reliability, making it the perfect partner for WLFI. He also hinted that this collaboration will draw in users who crave dependable tech in the wild world of DeFi. So, buckle up, because this is just the beginning of an exhilarating DeFi journey!
