World Liberty Financial, a project associated with former President Donald Trump, has recently revealed more details about its upcoming venture. Described as a “best-in-class consumer application” with a focus on user experience, the project aims to leverage decentralized finance (DeFi) by operating on the Aave platform on the Ethereum blockchain. Additionally, World Liberty Financial is planning to deploy on the layer-2 network Scroll in the future. The project has generated some discussion within the Aave community, with concerns raised about potential competition with the main Aave instance and the revenue-sharing model proposed by World Liberty Financial.
One interesting aspect of this development is the juxtaposition of a figure known for financial controversy launching a decentralized lending protocol. Some have pointed out the irony of Trump’s history with creditors and the concept of a decentralized finance project. This raises questions about the alignment of values between the project and the platform it seeks to operate on.
