A decentralized finance platform related to upcoming US president Donald Trump would tie up a take care of a well known oracle provider.
A strategic partnership is seen by many as an alliance that would play a pivotal role in transforming decentralized finance technology.
Trump Crypto & Access To DeFi Applications
World Liberty Financial announced that it has entered into an agreement with a well-established oracle provider Chainlink for data feed integration to the platform’s decentralized finance project.
The Donald Trump-backed decentralized finance platform said that with the Chainlink integration, the oracle provider’s price feeds would supply the platform with real-time and tamper-proof data.
In a press statement, World Liberty Financial said it goals to initiate the following wave of decentralized finance mass adoption, adding that Chainlink will give the platform the “security and reliability” it needs to attain its goal.
World Liberty Financial Web3 Ambassador Eric Trump said that the partnership with Chainlink is an enormous leap for the platform. “Never before have we been more bullish on crypto or the general way forward for DeFi technology,” Trump added.
The Chainlink adoption would begin with incorporating the Chainlink Price 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 continues to be within the approval stage.
Access To DeFi Applications
In a press statement, World Liberty Financial said that the Protocol’s objective is to provide users the chance to get information and gain access to third-party decentralized finance applications, a move that would further push the adoption of US dollar-based stablecoins and be certain that the greenbacks would still be the popular currency of the world’s reserve.
It will allow Trump’s decentralized finance platform to grow to be a pioneer within the decentralized finance DeFi space, drawing inspiration from Trump’s vision of more open access financial opportunities to maintain the US dollar’s position in the worldwide standing.
Chainlink Co-Founder Sergey Nazarov expressed their excitement with the alliance with World Liberty Financial and helped the platform in all their “data, cross-chain, and all other oracle network needs.”
“The Chainlink standard is already widely used across DeFi and can help WLFI attract users that value the safety and reliability that has already helped grow DeFi as an industry,” Nazarov remarked.
Profit Of Chainlink
World Liberty Financial said that Chainlink would offer them with access to “market-leading on-chain data and cross-chain interoperability infrastructure”, adding that additionally it is an ecosystem that boasts a transaction value of greater than $16 trillion in transaction value.
With the assistance of the Chainlink Price Feeds, the has taken an important step that can enable the platform to launch the Aave v3 instance.
Chainlink’s track record in security was among the many primary the explanation why World Liberty Financial chosen the oracle provider.
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