The cryptocurrency platform World Liberty Financial (WLFI), associated with Donald Trump, not only survived its rocky launch but has also announced a partnership with Chainlink to enhance its decentralized finance (DeFi) ecosystem. Chainlink is a decentralized oracle network based on blockchain technology that facilitates smart contracts' connection to external data sources. Chainlink (LINK) is currently ranked 17th among all cryptocurrencies by market capitalization ($8.36 billion).
“We are excited to announce that we are transitioning to using Chainlink for on-chain data transmission and cross-chain interoperability as a secure way to elevate DeFi to the next level of mainstream adoption,” states a tweet from World Liberty Financial.
As part of its collaboration with WLFI, Chainlink will provide accurate pricing data for Ethereum-based digital assets for WLFI’s DeFi applications. Additionally, Chainlink's technology will assist the WLFI platform in integrating with other blockchains, with plans for Aave v3. WLFI token holders will be granted voting rights on protocol updates and developmental directions.
Chainlink will also support the WLFI project in other areas, including the implementation of Proof-of-Reserves for the tokenization of real-world assets (RWA).
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