Former President Donald Trump is now offering KYC (Know Your Customer) verification for participants of World Liberty Financial (WLFI), a decentralized finance (DeFi) platform.
What Happened: Trump took to X (formerly Twitter) to announce the opening of WLFI’s whitelist, marking this as a significant step toward his ambition of making America the crypto capital of the world.
World Liberty Financial is designed as a DeFi money market that allows users to borrow, lend and earn interest on cryptocurrencies, removing traditional financial intermediaries.
A governance token, WLFI, will be issued, granting holders voting rights over the platform’s future.
However, the token will be non-transferable and non-yielding, differing from most crypto assets that can be traded or generate passive income.
Notably, 63% of the WLFI token supply is reserved for accredited investors, limiting participation …
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