The Trump family is expected to earn around $540 million from the DeFi project World Liberty Financial (WLFI). This initiative, launching close to election time, merges financial innovation with political involvement, drawing critical attention.
The project is said to operate like Aave on Ethereum or Polygon mainnets. Plans reveal that the team intends to sell 30% of WLFI supply, netting approximately $540 million after reaching a fully diluted valuation of $1.8 billion.
Donald Trump announced the project, managed by his sons, which aims to challenge traditional financial institutions and empower average Americans. This has generated strong public interest, gaining significant following on Telegram and Twitter.
Critics are concerned about the project's impact on Trump's electoral prospects and potential security risks, especially given its high profile. Investor Nic Carter pointed out that the project could be a prime target for hacking and face regulatory scrutiny from the SEC.
World Liberty Financial has emphasized its partnership with Aave and commitment to high security standards to allay these concerns. Past associations between the Trump family and other crypto projects, such as the DJT meme coin, have seen mixed results.
