Key Takeaways:
- Crypto Investments Surpass $44M: World Liberty Financial acquired nearly $45M in crypto assets for December, including $30M in ETH, $10M in cbBTC, and smaller amounts of AAVE, LINK, ENA, and ONDO.
- Trump Family Connections: The DeFi platform lists Donald Trump as “chief crypto advocate” and channels 75% of its net revenues to a Trump-affiliated entity.
- Strategic Partnerships: Recent deals include Justin Sun’s $30M WLFI purchase and a new AaveDAO-approved protocol enabling asset lending, sharing fees with AaveDAO.
World Liberty Financial, a DeFi platform linked to President-elect Donald Trump, is nearing $45 million in cryptocurrency purchases for December.
Recent acquisitions include $30 million in Ether (ETH), $10 million in Coinbase Wrapped BTC (cbBTC), and $250,000 in Ondo (ONDO), along with smaller purchases of tokens like Chainlink (LINK) and Aave (AAVE).
Trump's World Liberty(@worldlibertyfi) spent 250K $USDC to buy 134,216 $ONDO 2 hours ago.
— Lookonchain (@lookonchain) December 16, 2024
Since Nov 30, #WorldLiberty has spent:
30M $USDC to buy 8,105 $ETH at $3,701;
10M $USDC to buy 103 $cbBTC at $97,181;
2M $USDC to buy 78,387 $LINK at $25.5;
2M $USDC to buy 6,137 $AAVE at… pic.twitter.com/0EVPCgMdMW
Despite these significant investments, its native token, WLFI, has struggled, with less than 25% of the $300 million offered being sold.
However, momentum improved after Tron founder Justin Sun invested $30 million in WLFI, becoming its largest investor and joining as an advisor.
The platform, launched in September, describes itself as a DeFi trading hub, with Donald Trump listed as the “chief crypto advocate” and his sons Donald Jr., Eric, and Barron as ambassadors.
A Trump-affiliated entity reportedly receives 75% of its net revenues.
Additionally, AaveDAO approved a proposal allowing World Liberty Financial to create its own version of the Aave protocol for lending and borrowing.
The proposal includes a revenue-sharing agreement and WLFI token allocation.
The project’s high-profile purchases and strategic partnerships aim to enhance credibility and visibility, though its long-term success in the competitive DeFi market remains uncertain.
About The Author
Adam Morris, the co-founder of Crypto Head and a respected crypto expert, offers insightful commentary and analysis on cryptocurrency, NFTs, and the evolving digital landscape.
His extensive experience and features in top-tier publications like Forbes and CNN underscore his deep understanding of the crypto world and its future potential.
Check Adam out on: