World Liberty Financial Launches WLFI Token Sale

World Liberty Financial, the DeFi project connected to former President Donald Trump, will begin the public sale of its WLFI tokens on Tuesday.

> Big news! @WorldLibertyFi public sale starts Oct. 15th, open to everyone who qualifies through the whitelist. Join us for a Twitter Spaces on Oct. 14th at 8 AM EST to learn more. Stay tuned for updates!

According to the project's roadmap, the initial sale aims to raise $300 million, selling 20% of the token supply at a valuation of $1.5 billion. The whitelist opened on Sept. 30, with thousands already signing up.

Token Distribution

• 63% of WLFI tokens will be available to the public.
• 17% allocated for user rewards.
• 20% designated for team compensation.

WLFI is accessible to accredited U.S. investors, qualified UK investors, and those from other countries.

Leadership and Goals

World Liberty Financial is co-founded by Steve Witkoff, Zach Witkoff, Zach Folkman, and Chase Herro. The project aims to encourage the adoption of digital assets through a compliant, all-in-one alternative finance platform.

Phase One: DeFi Lending Platform

As part of its first phase, WLFI plans to launch a version of the Aave DeFi lending platform on both the Ethereum mainnet and Layer 2 network Scroll, facilitating lending and borrowing of assets like bitcoin, ether, and stablecoins.

The official governance proposal indicates that WLFI’s Aave v3 instance will enable users to borrow or lend ETH, WBTC, USDC, and USDT. Depositors will earn interest from the fees paid by lenders. The team anticipates onboarding additional assets that may not fit with Ethereum's main market, utilizing its connections to traditional finance and institutional investment.

Political Implications

Eric and Donald Trump Jr. introduced the DeFi project in August. Opinions on WLF's impact vary, with some viewing it as detrimental.

According to TD Cowen's Jaret Seiberg, if Trump wins the election, the likelihood of crypto market structure legislation may decrease due to potential political backlash against the Trump family's involvement with World Liberty Financial.