World Liberty Financial will provide crypto lending services on the Ethereum chain, and WLFI sales will be regulated by the SEC

Odaily Odaily News: The team behind the Trump family's cryptocurrency project World Liberty Financial said that the project will provide lending services for cryptocurrencies on the Ethereum blockchain network, which is no different from a large number of existing applications in DeFi. It promises to be more "user-friendly" and accessible than existing high-tech alternatives, and will be based on the non-transferable (meaning non-tradable) WLFI governance token. The World Liberty Financial crypto team, led by Zak Folkman, head of operations, and Chase Herro, head of data and strategy, today released new details about the WLFI token distribution plan and made it clear that the sale of tokens will be regulated by the US SEC. "There is no pre-sale, no venture capital, and no early buy-in," Folkman said in an interview today. "This is like any other DeFi project you can expect to see, and the token distribution that is launched now is very fair." (Decrypt)