Demex Daily #259: Trump's World Liberty Financial Proposes Aave Partnership to Launch DeFi Platform

What’s Interesting Today:

Donald Trump’s crypto venture, World Liberty Financial, is proposing to build its decentralized finance (DeFi) platform on Aave’s protocol, specifically as an Aave v3 instance on the Ethereum mainnet. The governance proposal includes a revenue-sharing plan, offering AaveDAO 20% of the platform's fees and 7% of its governance token, WLFI. The platform aims to enhance liquidity for digital assets like Ether, Wrapped Bitcoin, and various stablecoins. If approved, the integration is expected to expand Aave's user base and strengthen World Liberty Financial’s position in the DeFi ecosystem. Trump has expressed strong support for cryptocurrency, with recent polls indicating that crypto owners favor him over other political figures.

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Ronin Gaming Network has decided to implement Chainlink's Cross-Chain Interoperability Protocol (CCIP) to enhance security on its Ethereum bridge, following a vote by validators. This choice, influenced by past security breaches—including a $622 million hack attributed to North Korea's Lazarus group—aims to secure assets bridged to the Ronin ecosystem. Chainlink received the majority of votes in a selection process against LayerZero and Axelar. The integration will commence with Ethereum-Ronin bridge transfers, transitioning over the next two to three months, without requiring user action. Chainlink's CCIP offers robust security features, including decentralized oracle networks and risk management.

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