- World Liberty Monetary has invested roughly $45 million in crypto property together with ONDO and ETH.
- Justin Solar's $30 million funding will gas World Liberty Monetary's development and advisory.
- The Trump family-backed challenge plans to make use of Aave's protocol for decentralized lending.
World Liberty Monetary (WLF), a cryptocurrency challenge backed by President Trump, considerably elevated its funding in December, bringing the overall to almost $45 million. The fund has acquired USDC equal Ondo (ONDO) tokens value $250,000 with the purpose of strengthening its place in decentralized finance (DeFi).
On December sixteenth, WLF bought 134,216 ONDO tokens through Cow Protocol at a worth of 250,000 USDC. Since November, the fund has allotted $44.75 million throughout six totally different property as a part of an aggressive funding technique.
Additionally learn: World Liberty Monetary bets $12 million on crypto by shopping for ETH, LINK, AAVE
Main acquisitions and partnerships
Among the many acquisitions, WLF bought 8,105 ETH at a mean worth of $3,701 per token, leading to a revenue of $2.12 million. Moreover, Tron blockchain founder Justin Solar invested $30 million in WLF, changing into its largest backer. Solar's involvement consists of an advisory function, which may mark a strategic shift for the challenge.
It needs to be famous that, regardless of these investments, World Liberty Monetary confronted issue assembly its funding objectives, in line with earlier reporting by Bloomberg. The challenge's token sale, which goals to lift $300 million in World Liberty Monetary (WLFI) tokens, had solely reached 1 / 4 of the accessible provide on the market till Justin Solar joined in with a $30 million funding. Lower than 1 was bought.
WLF has additionally secured help from main enterprise agency Polychain Capital. The challenge plans to launch a lending and borrowing platform that can allow buying and selling of Ether, wrapped Bitcoin, and stablecoins utilizing the Aave protocol.
President Trump’s function and imaginative and prescient for digital currencies
Donald Trump, who was beforehand skeptical of Bitcoin, has embraced cryptocurrencies as a part of the way forward for the US economic system. He just lately appointed David Sachs, a outstanding podcaster, as his administration's “crypto czar.” President Trump has put WLF on the forefront of this imaginative and prescient, aiming to place america as a worldwide cryptocurrency chief.
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