Originally published on: November 14, 2024
World Liberty Financial, President-elect Donald Trump’s decentralized finance platform, is making waves with its latest integration with Chainlink’s price feeds. This partnership aims to provide real-time and tamper-proof data to the DeFi project, setting a new standard in the industry.
In a recent announcement on Nov. 14, World Liberty Financial revealed its plans to leverage Chainlink oracles on the Ethereum mainnet to fuel the platform’s launch, which will be based on an Aave v3 instance. Eric Trump, Web3 ambassador at World Liberty Financial and the son of the president-elect, expressed his excitement about the integration and its potential impact on the project.
This strategic decision to choose Chainlink as an oracle provider comes after a series of successful implementations, including a pilot test with the SWIFT interbank messaging system. As Chainlink’s ecosystem continues to expand, World Liberty Financial is poised to benefit from the reliability and security offered by Chainlink’s services.
In addition to its collaboration with World Liberty Financial, Chainlink has been at the forefront of innovation in the decentralized finance space. Most recently, Chainlink completed a tokenization pilot program with major financial institutions like UBS, the Monetary Authority of Singapore (MAS), and SWIFT. This program focused on testing tokenized fund settlements between the participants, showcasing the versatility and potential of blockchain technology.
Furthermore, Chainlink has introduced private blockchain transactions for financial institutions, enhancing the privacy and security of sensitive data during transactions. With features like the Blockchain Privacy Manager and CCIP Private Transactions, Chainlink is setting new standards for data protection in the financial sector.
While competitors like Pyth network, Chronicle, and Redstone are gaining traction in the market, Chainlink remains a dominant player in the oracle provider space. As of October 2024, Chainlink held a significant portion of the total value secured (TVS) across oracle providers, solidifying its position as a trusted and reliable choice for DeFi projects.
With this exciting partnership between World Liberty Financial and Chainlink, the future of decentralized finance looks brighter than ever. Stay tuned for more updates on this dynamic collaboration and its impact on the industry.
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