World Liberty Financial (WLFI) is a decentralized finance (DeFi) project that has gained attention due to endorsements from former President Donald Trump and his sons.
The project recently completed its token sale, raising $550 million. WLFI was launched in September and aims to promote decentralized finance and stablecoins pegged to the US dollar.
The main feature of WLFI is its DeFi lending platform, which operates on the Ethereum blockchain and supports Bitcoin, Ethereum, and stablecoins. The governance token, WLFI, began its public sale on October 15, aiming to raise $300 million by selling 20 billion tokens at $0.015 each. Initially, the sale did not meet expectations, raising only $11 million from 766 million tokens sold. As a result, the team reduced their target to $30 million.
Interest in WLFI surged after the launch of Official Trump (TRUMP) and Melania Meme (MELANIA) tokens, which attracted attention to Trump-related cryptocurrencies.
The initial WLFI token sale closed on January 20, with only 20% of the total token supply sold. Due to increased demand, WLFI released an additional 5 billion tokens on January 20, priced at $0.05 each. By March 13, 99% of these additional tokens were sold.
WLFI token holders can participate in governance decisions related to the WLF Protocol. However, the tokens are non-transferable for the first year after launch. The project is led by Eric Trump and Donald Trump Jr., with Barron Trump identified as the “DeFi visionary.” The whitepaper clarifies that the Trump family does not own or manage WLFI, although they may receive compensation.
