A decentralized finance platform linked to incoming US President Donald Trump would close a deal with a well-known oracle provider.
The strategic partnership is viewed by many as an alliance that can play a pivotal role in transforming DeFi technology.
Trump’s crypto and access to DeFi applications
World Liberty Financial announced that it has entered into an agreement with an established oracle provider Chain link To integrate data feed for the DeFi project to the platform.
The Donald Trump-backed decentralized finance platform said that with Chainlink integration, the oracle provider’s price feeds will provide the platform with real-time, tamper-proof data.
In a press statement, Global financial freedom It said it aims to start the next wave of mass adoption of decentralized finance, adding that Chainlink will give the platform the “security and reliability” it needs to achieve its goal.
World Liberty Financial Web3 Ambassador Eric Trump said the partnership with Chainlink represents a big leap for the platform. “We have never been more optimistic about cryptocurrencies or the general future of DeFi technology,” Trump added.
Chainlink adoption will start with consolidation Chainlink price It feeds on the Ethereum mainnet with the World Liberty Financial Protocol. It’s a step forward for the platform’s upcoming launch of the World Liberty Financial Aave v3 instance, which is still in the approval phase.
Access to DeFi applications
In a press release, World Liberty Financial said the protocol’s goal is to give users the opportunity to obtain information and access third-party decentralized finance applications, a move that could further drive and ensure the adoption of US dollar-based stablecoins. The dollar will remain the global reserve currency of choice.
It will allow Trump’s DeFi platform to become a leader in the DeFi space, inspired by Trump’s vision for more open-access financial opportunities to maintain the US dollar’s global standing.
Sergey Nazarov, co-founder of Chainlink, expressed his excitement about the alliance with World Liberty Financial and helped the platform with all its “data, cross-chain, and all other oracle network needs.”
“The Chainlink standard is already widely used across DeFi and will help WLFI attract users who value the security and reliability that has already helped grow DeFi as an industry,” Nazarov noted.
Take advantage of Chainlink
World Liberty Financial said Chainlink will provide them with access to “market-leading data and cross-chain interoperability infrastructure,” adding that it is also an ecosystem that features a transaction value of over $16 trillion in transaction value.
With the help of Chainlink price feeds, a crucial step has been taken that will enable the platform to launch an Aave v3 instance.
Chainlink’s track record in security was among the main reasons why World Liberty Financial chose the oracle provider.
Featured image by Brandon Bell/Getty Images, chart from TradingView
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