- World Liberty Monetary invests almost $45 million in crypto property, together with ONDO and ETH.
- Justin Solar's $30 million funding helps World Liberty Monetary's progress and advisory enterprise.
- The Trump family-backed challenge plans to make use of Aave protocols for decentralized lending.
World Liberty Monetary (WLF), a Trump-backed crypto challenge, considerably elevated its investments in December, bringing its complete to just about $45 million. The fund has acquired 250,000 USDC price of Ondo tokens (ONDO) to strengthen its place in decentralized finance (DeFi).
On December sixteenth, WLF bought 134,216 ONDO tokens through the Cow protocol at a value of 250,000 USDC. Since November, the fund has allotted $44.75 million to 6 totally different property as a part of its aggressive funding technique.
Additionally Learn: World Liberty Monetary Bets $12 Million On Crypto With ETH, LINK, AAVE Purchases
Key acquisitions and partnerships
Among the many acquisitions, WLF purchased 8,105 ETH at a median value of $3,701 per token, bringing in a revenue of $2.12 million. As well as, Justin Solar, the founding father of the Tron blockchain, invested $30 million in WLF and have become its greatest supporter. Solar's involvement contains an advisory function that might sign a strategic key to the challenge.
It ought to be famous that regardless of these investments, World Liberty Monetary has confronted challenges in assembly its fundraising objectives, in response to an earlier Bloomberg report. The challenge's token sale, which aimed to lift $300 million for the World Liberty Monetary (WLFI) token, offered lower than 1 / 4 of the obtainable inventory till Justin Solar stepped in along with his $30 million funding.
WLF has additionally secured backing from Polychain Capital, a serious enterprise agency. The challenge plans to launch a lending and borrowing platform utilizing Aave protocols that may allow buying and selling of Ethers, packaged Bitcoins and stablecoins.
Trump's function and imaginative and prescient for crypto
Donald Trump, who beforehand doubted Bitcoin, has embraced cryptocurrencies as a part of America's financial future. He not too long ago named David Sacks, a widely known podcaster, the administration's “Crypto Czar.” Trump goals to place the US as a worldwide chief in cryptocurrency, with the WLF on the forefront of that imaginative and prescient.
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