The founder of the TRON blockchain, Justin Sun, has become an advisor to the cryptocurrency project World Liberty Financial, which is supported by US President-elect Donald Trump. Just a day earlier, Justin Sun had announced that TRON had invested $30 million in World Liberty.
"We are honored to welcome Justin Sun as an advisor to World Liberty Financial (WLFI)!" World Liberty stated on the social platform X: "Justin Sun's insights and experience will play a crucial role in our continued innovation and development."
In an article released in October, World Liberty stated that it plans to launch "a powerful and globally-accessible decentralized finance (DeFi) protocol, aimed at bringing permissionless and peer-to-peer digital asset systems to everyone." The project launched the sale of its governance token WLFI on October 15, and Trump even recorded a promotional video for it.
Yesterday, Justin Sun announced that TRON had purchased $30 million worth of WLFI tokens, becoming the project's largest investor. Prior to this, the WLFI token sales had been performing quite poorly. According to official data, World Liberty has so far only successfully sold 3.52 billion WLFI tokens, equivalent to about $52.8 million (at a price of $0.015 per token), still far below the team's initial $300 million fundraising target (now reduced by 90% to $30 million).
World Liberty Financial to Launch Aave v3 Instance on Ethereum Mainnet
The World Liberty Financial team has today initiated a new proposal in the governance forum, planning to deploy a World Liberty Financial Aave v3 instance, which will be managed by external risk management personnel and built on the existing Aave V3 infrastructure, to be deployed on the Ethereum mainnet.
According to the proposal, the World Liberty protocol will provide liquidity for Ether (ETH), Wrapped Bitcoin (WBTC), specific stablecoins, and potentially other digital assets, and seek to attract new user groups to engage with the overcollateralized lending features of DeFi. World Liberty believes that the addition of these new users, who are first-time DeFi participants, will help build brand loyalty and awareness for WLFI and Aave, and keep Aave at the forefront of the digital asset lending and supply markets.
Following the release of the World Liberty proposal, the price of the Aave token AAVE rose by around 12%, trading at $193.5 at the time of writing.
