A decentralized finance platform linked to future US President Donald Trump would strike a deal with well-known vendor Oracle.
The strategic partnership is seen by many as an alliance that can play a key role in the transformation of decentralized finance technology.
Trump Crypto and DeFi App Access
World Liberty Financial announced that it has entered into an agreement with renowned supplier Oracle Chain link to integrate data feeds into the platform’s decentralized finance design.
The Donald Trump-backed decentralized finance platform said that with the integration of Chainlink, Oracle’s price feeds will provide the platform with real-time and tamper-proof data.
In a press statement Global Financial Freedom said it aims to spark the next wave of mass adoption of decentralized finance, adding that Chainlink will provide the platform with the “security and reliability” it needs to achieve its goal.
World Liberty Financial Web3 Ambassador Eric Trump said the partnership with Chainlink is a substantial step for the platform. “We have never been more optimistic about cryptocurrencies or the future of DeFi technology in general,” Trump added.
Chainlink adoption would start with inclusion Chain link price It powers the Ethereum mainnet using the World Liberty Financial Protocol. This is a step forward with the upcoming launch of the World Liberty Financial Aave v3 instance on the platform, which is still in the acceptance phase.
Access to DeFi applications
In a press statement, World Liberty Financial said the goal of the Protocol is to provide users with the ability to obtain information and access to third-party decentralized financial applications, which could further push the adoption of U.S. dollar-backed stablecoins and ensure that dollars continue to be the preferred currency of global reserves.
This would allow Trump’s decentralized finance platform to become a pioneer in the DeFi decentralized finance space, drawing inspiration from Trump’s vision for more open access financial opportunities to maintain the US dollar’s global prominence.
Chainlink co-founder Sergey Nazarov expressed his excitement about the alliance with World Liberty Financial and helping the platform with all of its “data, cross-chain and all other Oracle network needs.”
“The Chainlink standard is already widely used in DeFi and will help WLFI attract users who value the security and reliability that have already helped grow DeFi as an industry,” Nazarov noted.
Benefits of Chainlink
World Liberty Financial said Chainlink will give them access to “market-leading on-chain data and cross-chain interoperability infrastructure,” adding that it is also an ecosystem that boasts a transaction value of more than $16 trillion.
Using Chainlink price feeds, the company has taken a key step that will enable the platform to launch Aave v3 instances.
Chainlink’s security experience was one of the main reasons why World Liberty Financial chose provider Oracle.
Featured image from Brandon Bell/Getty Images, chart from TradingView
