• WLFI’s Aave v3 deployment on Ethereum Mainnet aims to simplify DeFi for newcomers with over-collateralized lending and borrowing.
• Justin Sun’s $30M investment boosts WLFI’s token sales to $52M, bringing it closer to its $300M goal and signaling strong confidence.
• WLFI will share 20% of fees with AaveDAO, strengthening collaboration and enhancing liquidity within the DeFi space.

A proposal to install an Aave v3 instance on Ethereum’s mainnet has been made public by World Liberty Financial (WLFI). Making over-collateralized borrowing and lending more available to a wider DeFi audience is the goal. The WLFI Protocol will employ Aave’s reliable technology to give consumers additional options, such as Wrapped Bitcoin, Ethereum, and stablecoins like USDC and USDT. As a result, WLFI aims to acquaint new DeFi users with the concept of Decentralized Finance (DeFi).

Aave v3: Enhancing DeFi Accessibility

The WLFI Protocol intends to provide users with access to borrowing and lending services powered by Aave v3. By utilizing Aave’s risk management protocols, the WLFI instance will ensure security and reliability for participants. 

The protocol will initially support USDC, USDT, WBTC, and ETH as assets. This strategy aims to attract new users to DeFi, particularly those who have not yet explored over-collateralized loans. The protocol will also expand over time by adding more digital assets, ensuring growth and variety.

Moreover, WLFI will allocate 20% of the protocol’s fees to the AaveDAO treasury. This revenue-sharing model strengthens Aave’s position as a market leader. Approximately 7% of WLFI’s total circulating supply of governance tokens, $WLFI, will be used for liquidity mining and further decentralization efforts. This setup ensures that both WLFI and Aave benefit from the growing DeFi ecosystem.

Strategic Investments by Justin Sun

In a move that signals confidence in the project’s future, Justin Sun, the founder of TRON, has joined WLFI as an advisor. Sun has also invested $30 million in $WLFI tokens, positioning himself as the largest shareholder in the venture. 

This investment boosts total token sales to $52 million, propelling WLFI closer to its target of $300 million. Despite not yet reaching this goal, the $30 million milestone allows the Trump family’s company, DT Marks DEFI LLC, to begin profiting from the venture.

The post WLFI Unveils Aave v3 on Ethereum Mainnet, Opening DeFi to New Users appeared first on Crypto News Land.

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