Originally published on: November 14, 2024
World Liberty Financial, the decentralized finance platform founded by President-elect Donald Trump, has exciting news for its users. The platform has officially joined forces with Chainlink to incorporate its reliable price feeds as oracle providers. This collaboration ensures that users have access to accurate, tamper-proof data in real-time, enhancing the overall user experience on the DeFi project.
In a recent announcement on Nov. 14, World Liberty Financial revealed that they will be utilizing Chainlink oracles on the Ethereum mainnet for their platform launch, which will be powered by an Aave v3 instance. Eric Trump, Web3 ambassador at World Liberty Financial and son of the president-elect, expressed his enthusiasm for this integration.
This decision to partner with Chainlink as an oracle provider comes after a successful pilot test with the SWIFT interbank messaging system. It also highlights the continued growth of the Chainlink ecosystem, showcasing its reliability and popularity among users.
Chainlink has been making waves in the decentralized finance space, with recent partnerships and advancements in the field. In November 2024, Chainlink concluded a tokenization pilot program with major players like UBS, the Monetary Authority of Singapore (MAS), and SWIFT, demonstrating its value in the financial sector.
Additionally, Chainlink’s launch of private blockchain transactions for financial institutions provides a crucial solution for businesses looking to protect sensitive data during transactions. Features like the Blockchain Privacy Manager and CCIP Private Transactions offer enhanced security and privacy for enterprises dealing with confidential information.
While competitors like Pyth network, Chronicle, and Redstone are gaining traction in the market, Chainlink remains a dominant player in terms of total value secured (TVS). According to DefiLlama, Chainlink held a significant share of the total value secured across oracle providers in October 2024, solidifying its position as a reliable and trustworthy service provider.
As the partnership between World Liberty Financial and Chainlink unfolds, users can expect improved access to real-time data and enhanced security measures on the platform. Stay tuned for more updates on this exciting collaboration and how it will benefit users in the decentralized finance space. Subscribe to our newsletter for the latest developments in the DeFi world and make informed decisions with confidence.
