Trump-Linked Crypto WLFI Delays Promised AAVE Lending Launch

HomeNews* World Liberty Financial passed a governance vote six months ago to launch an AAVE instance for lending and borrowing.

• The AAVE instance has not been launched, despite previous announcements and token sale promises.
• Governance activity at World Liberty Financial remains minimal, with only two proposals voted on by token holders so far.
• The group continues to invest in new tokens, a stablecoin, and collaborations, apart from the promised lending features.
• Requests for an updated timeline on the launch remained unanswered by the organization. World Liberty Financial, a cryptocurrency project listing Donald Trump as its "chief crypto advocate," held a governance vote exactly six months ago to launch a new AAVE instance for lending and borrowing, which was a key promise made during its token sale. As of now, the project has yet to deliver on launching this platform.

• Advertisement - The AAVE instance, which would enable users to lend and borrow digital assets, was seen as a significant step for the community. The governance vote to approve the launch passed, but since then, there has been no follow-through. The company has also introduced a new stablecoin and announced partnerships, including a deal with the team behind the $TRUMP memecoin.

This missed launch is one of only two formal proposals that World Liberty Financial token holders have voted on. The other proposal, related to USD1 airdrops, has been implemented. Recent activity on the governance forum has been low, with the last posts appearing in April.

Despite the lack of activity on the AAVE instance, the project’s website continues to advertise that lending and borrowing will be launched "soon." The group has remained active in other areas, including investing in various tokens and launching its stablecoin.

World Liberty Financial has not responded to requests for comment or provided an updated timeline on when the AAVE instance will go live. Interested readers can view the original vote details here.

Previous Articles:

• GameStop Shares Fall 22% After $1.75B Convertible Bond Offer
• RedStone Oracles Go Live on Radix, Offering 1,200+ Price Feeds
• TokenBreak Attack Bypasses LLM Safeguards With Single Character
• Coins.ph PHPC Stablecoin Exits BSP Sandbox, Eyes Remittance Growth
• Chainlink, J.P. Morgan & Ondo Achieve Cross-Chain DvP Settlement

• Advertisement -