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Trump-backed crypto project World Liberty Financial may be based on Dough Finance code

CointimeCointime2024/09/04 01:03
By:Cointime

 World Liberty Financial, a cryptocurrency project associated with Trump, will use a non-transferable governance token WLFI and a credit account system based on the decentralized financial platform Aave and the Ethereum blockchain. The project is said to be inspired by the DeFi protocol Dough Finance, although it is not yet confirmed whether its codebase will be used. Zachary Folkman and Chase Herro, co-founders of Dough, are also involved in the project's operation. Members of the Trump family, including Donald Trump Jr., Eric Trump, and Barron Trump, are involved in the project's planning. The Trump family has warned the public to be aware of potential scams and said that official announcements will be made through their channels.

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