World Liberty Financial to Partner with Chainlink for DeFi Services Integration
Donald Trump-backed World Liberty Financial ($WLFI) protocol will collaborate with Chainlink (#LINK) to enhance its DeFi services. Chainlink will provide pricing data on the Ethereum ecosystem and improve secure interoperability for the WLFI protocol.
The integration aims to onboard more users into the web3 space securely, utilizing the WLFI token. The WLFI protocol will implement Chainlink Price Feeds on the Ethereum mainnet to support the launch of the World Liberty Financial AAVE V3 instance. Reliable financial market data will be required for USDC, USDT, ETH, and Wrapped Bitcoin (WBTC).
Eric Trump, Web3 Ambassador at World Liberty Financial, stated that the partnership signifies significant progress in crypto and DeFi technology.
Top Reasons Why World Liberty Financial Chooses Chainlink Services
Chainlink developers have introduced innovations like the Cross-Chain Interoperability Protocol (CCIP), facilitating multi-chain smart contracts adoption. Sergey Nazarov, Co-Founder of Chainlink, expressed excitement about partnering with WLFI to meet their data and oracle network needs, emphasizing Chainlink’s established presence in DeFi.
The Chainlink network has enabled over $16 trillion in cross-network transfers and is trusted by numerous DeFi protocols, including Coinbase Global Inc (NASDAQ: COIN). The WLFI protocol will leverage Chainlink oracles to promote its native token, which is in pre-sale, and benefit from tokenizing real-world assets (RWA), a sector projected to grow significantly.
Market Impact
The partnership between WLFI and Chainlink is expected to influence LINK price action amid the current crypto bull market. With a fully diluted valuation of approximately $13.2 billion and a daily trading volume exceeding $1 billion, LINK has rebounded from a recent correction.
Additionally, Chainlink's weekly Relative Strength Index (RSI) has surpassed 50 percent, indicating bullish momentum. However, LINK must consistently close above the 200 weekly Moving Average (MA) to confirm sustained bullish trends toward its all-time high.