World Liberty Financial's new surprise: Big entry into the lending market
How are you all? I hope you are all having a good day. I have been reading up on new projects in the crypto market lately, especially Donald Trump's project, 'World Liberty Financial'. Suddenly, I saw that they had made a big announcement, which is worth talking about. I thought I would simply share with you what I found and how I understood the matter.
World Liberty Financial,l or WLFI has finally launched their lending platform 'World Liberty Markets'. I looked into the details and found that they have wisely used the infrastructure of 'Dolomite' or Dolomite instead of creating new technology themselves. As a result, users can now easily deposit their Ethereum, USDC or their own stablecoin USD-1 here and earn interest. The system seems quite fast and secure from the start because it uses Dolomite's liquidity.
It seems to me that their main focus is on their dollar-pegged stablecoin 'USD-1'. They don't want people to keep the coin in their wallets, but rather to earn yield or profit by using this platform. To increase user interest, they have also introduced a reward system called the 'USD-1 Points Program'. Although the partners will set the rules for this, I think it can be quite attractive for new users.
Another interesting thing is the control of token holders on this platform. Those who hold WLFI tokens will be able to vote in the future to decide what new assets will come here or what the lending rules will be. In other words, the entire power is not only in the hands of the developers, but a lot of power is also being given to the community. Such community governance is very important for the survival of a project in the long run.
But my research suggests that their plans are not limited to crypto lending; they are thinking bigger. They are also planning to tokenize real world assets and bring them to this platform. I even saw in the news that they have applied for a National Trust Bank charter, so that their stablecoin comes under government supervision. If this combination of traditional banking and crypto is true, it will be a big game-changer.