WLFI: DeFi protocol that’s got some interesting connections

WLFI: DeFi protocol that’s got some interesting connections

cryptoslate.com
March 6, 2025 by Jhon E. Bermúdez
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In the ever-evolving world of blockchain, Layer 1 platform Sui is making waves with a fresh announcement. They’ve joined forces with World Liberty Financial (WLFI), a DeFi protocol that’s got some interesting connections – it’s partly owned by none other than President Donald Trump. The goal? To build a more accessible and open financial system
WLFI

In the ever-evolving world of blockchain, Layer 1 platform Sui is making waves with a fresh announcement. They’ve joined forces with World Liberty Financial (WLFI), a DeFi protocol that’s got some interesting connections – it’s partly owned by none other than President Donald Trump. The goal? To build a more accessible and open financial system for everyone.

Investors seem enthusiastic about this news, as the SUI token is currently enjoying a healthy 14% jump today.

So, what’s the plan? WLFI is set to integrate assets from the Sui network into its “Macro Strategy.” Think of this as a strategic reserve of tokens, carefully curated to support leading-edge blockchain projects. This move is all about WLFI’s bigger vision: strengthening the US dollar’s position in the decentralized finance landscape.

Eric Trump, taking on the role of WLFI’s Web3 Ambassador, shared his excitement about teaming up with Sui. He pointed to Sui’s “American-born innovation” and impressive scalability as key reasons for their choice.

“We are very excited to work with Sui and explore the innovative opportunities this collaboration presents,” said Eric Trump, Web3 Ambassador at World Liberty Financial.

Zak Folkman, WLFI’s co-founder, echoed this sentiment. He highlighted how Sui’s strengths perfectly complement their aim to bring decentralized finance to a wider audience.

“We chose Sui for its American-born innovation combined with impressive scale and adoption. It is a natural complement to our mission of bringing decentralized finance to more Americans,” said Zak Folkman, co-founder of World Liberty Financial.

Evan Cheng, Co-Founder and CEO of Mysten Labs – the team initially behind Sui – believes this collaboration could be a game-changer for how assets are stored and used globally. He emphasized that both organizations share a common vision: empowering individuals to take back control of their finances and digital lives.

Sui has been on a remarkable growth trajectory over the past year, quickly establishing itself as one of the fastest-growing Layer 1 blockchains around. The platform is attracting a lot of attention from big players and innovative projects, recently hitting over $70 billion in decentralized exchange (DEX) volume and racking up more than 67 million accounts.

Since its inception, World Liberty Financial has been actively building its crypto portfolio. They’ve moved a substantial $307 million in digital assets to Coinbase Prime for treasury management. Following additional investment, they’ve further boosted their holdings by $103 million. WLFI is focused on championing US-pegged stablecoins and reinforcing the dollar’s dominance in global finance through its DeFi offerings.

The Trump family’s involvement in WLFI certainly adds another layer of intrigue, with family members holding titles like “chief crypto advocate” and “Web3 ambassador.” Adding to the interesting mix, Justin Sun, a well-known Chinese entrepreneur, has invested at least $75 million in WLFI and is serving as an advisor.

This partnership marks another bold move in the ongoing story of a sitting US president’s direct engagement with the blockchain space. Trump’s ventures have already branched into memecoins, NFTs, Ordinals, and a DeFi platform. Now, he’s expanding his crypto investments to include up-and-coming blockchains like Sui.

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Source: cryptoslate.com