Donald Trump’s World Liberty Financial (WLFI) crypto platform not only did it not bend after a failed launch but has announced a partnership with Chainlink to expand its decentralized finance (DeFi) ecosystem. Chainlink — is a decentralized blockchain-based oracle network that allows smart contracts to connect to external data sources. Chainlink (LINK) ranks 17th among all cryptocurrencies by capitalization ($8.36 billion).
«We are pleased to announce that we are moving to using Chainlink for chain-to-chain and inter-chain communication as a secure way to bring DeFi to the next stage of mass adoption», — it says in a tweet from World Liberty Financial.
As part of the partnership with WLFI, Chainlink will provide accurate price data for Ethereum-based digital assets for WLFI’s DeFi applications. Chainlink’s technologies will also help the WLFI platform integrate with other blockchains. Aave v3 is in the works. Holders of WLFI tokens will have the right to vote on protocol updates and development directions.
Chainlink will also support the WLFI project in other areas, including the implementation of Proof-of-Reserves for tokenizing real-world assets (RWAs).
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