A decentralized finance platform associated with incoming US President Donald Trump is said to be inking a deal with a well-known oracle provider.
A strategic partnership is seen by many as an alliance that could play a crucial role in transforming decentralized financial technology.
Trump Crypto and access to DeFi applications
World Liberty Financial has announced that it has entered into an agreement with a renowned oracle provider Chain link for data feed integration with 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 provide the platform with real-time and tamper-proof data.
said in a press statement World freedom financial said it wants to initiate 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 is a major leap forward for the platform. “Never before have we been more optimistic about crypto or the overall future of DeFi technology,” Trump added.
Chainlink’s adoption would begin with the inclusion of the Chainlink Prize Feeds on the Ethereum mainnet with the World Liberty Financial Protocol. It is a step forward for the upcoming launch by the World Liberty Financial Aave v3 authority platform, which is still in the approval phase.
Access to DeFi applications
In a press statement, World Liberty Financial said the aim of the Protocol is to give users the opportunity to gain information and access third-party decentralized financial applications, a move that could further drive the adoption of US dollar-based stablecoins and could ensure that the dollar would still be the preferred world reserve currency.
It would enable Trump’s decentralized finance platform to become a pioneer in the decentralized finance DeFi space, inspired by Trump’s vision of more open access to financial opportunities to maintain the position of the US dollar on a global level.
Chainlink co-founder Sergey Nazarov expressed his excitement about the alliance with World Liberty Financial, helping the platform in all their “data, cross-chain and all other oracle network needs.”
“The Chainlink standard is already widely used within DeFi and will help WLFI attract users who value the security and reliability that has already helped DeFi grow as an industry,” Nazarov noted.
Advantage of Chainlink
World Liberty Financial said Chainlink would provide them with access to “market-leading on-chain data and cross-chain interoperability infrastructure,” adding that it is also an ecosystem with more than $16 trillion in transaction value.
With the help of the Chainlink Price Feeds, it has taken a crucial step that will enable the platform to launch the Aave v3 instance.
Chainlink’s track record in security was one of the key reasons why World Liberty Financial chose the oracle provider.
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