🔥Is Trump's $WLFI project a scam of the century? @worldlibertyfi - the DeFi project backed by the Trump family is currently valued at over $30 billion. So is this a new super DeFi project or a scam? Let's break it down together! 1/ Products of @worldlibertyfi - Lending: simply put, it's a copy of @aave v3, running on @ethereum. (@aave DAO will earn 20% fees and 7% of the total supply of $WLFI. - $USD1: Issuing the stablecoin $USD1 backed 100% by the dollar (like $USDT from @Tether_to or $USDC from @circle). - WLFI Wallet: Expected to be a superapp wallet. > The product is a Lending protocol fork of Aave v3, so there's not much to say; it mainly focuses on top assets, so that model is also suitable. > The $USD1 product is developing better thanks to its simplicity and Trump's reputation. In summary, the product is developing thanks to Trump. 2/ Development Team - Some co-founders like @WatcherChase, @zakfolkman, @ZachWitkoff are mainly closely related to Trump...
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