tl;dr
World Liberty Financial, a Trump-backed DeFi platform, is launching its Ethereum-based WLFI tokens to the broader market after a recent vote, allowing everyday users to buy and sell the tokens previously restricted to accredited investors. WLFI tokens provide governance rights and can be traded on e...
The Trump-backed crypto project World Liberty Financial is preparing to launch its Ethereum-based WLFI tokens to the broader market following a recent Wednesday vote. Previously restricted to accredited investors, this move opens the door for everyday users to buy and sell WLFI, signaling a new phase of community ownership and engagement.
World Liberty Financial operates as a decentralized finance (DeFi) platform, aiming to facilitate crypto borrowing and lending. The project's native governance token, WLFI, grants holders voting rights to influence the project's development while also serving as a tradeable asset on exchanges.
This milestone marks a significant step toward broader community participation and protocol growth within the World Liberty Financial ecosystem. Although specific exchanges for WLFI trading have not been disclosed, strong demand from the community has been cited as a driving force behind the decision to unlock a portion of the tokens for public sale. Some tokens remain subject to extended unlock schedules.
The initiative was initially introduced by Eric Trump and is led by DeFi developers Chase Herro and Zak Folkman, alongside involvement from the Trump and Witkoff families. Despite ambitious plans, the platform has yet to officially launch its services.
DeFi, the sector underpinning projects like World Liberty Financial, seeks to disrupt traditional banking by enabling blockchain-powered financial services without intermediaries. However, the space carries high risks, including vulnerabilities to hacks and significant investor losses.
Concerns have emerged among lawmakers, particularly Democrats, regarding potential conflicts of interest involving President Trump, who reportedly earned $57.3 million from token sales. This development has added a political dimension to the crypto project's public reception.