Trump-affiliated Decentralized Finance (DeFi) venture WLFI set for listing on digital exchange platform LBank
WLFI, a new player in the world of decentralized finance (DeFi), is set to make waves with its ambitious goal of creating a simple and useful financial tool that caters to both crypto-savvy users and everyday people.
The project, which positions itself as a "user-friendly" DeFi alternative, has already managed to attract major investments. Notable investors include the Trump family, who invested over $500 million during the first funding round, and institutions from the United Arab Emirates, such as the Abu Dhabi-based Aqua1 foundation, which invested $100 million. Metaplanet, an institution that invested over 100 million US dollars in 2025, is another significant backer.
WLFI's stablecoin, USD1, has been used by financial institutions very early on and is secured by BitGo. This stablecoin, which is pegged to the US dollar and backed by US Treasury bonds, forms a key part of the WLFI ecosystem, along with the WLFI governance token, which grants voting rights.
The WLFI project will be listed on the global exchange platform LBank on September 1, 2025, at 13:00 UTC (18:30 IST). LBank will apply a 0.2% fee for WLFI operations, a standard agreement for this scale.
To further facilitate usage and fund transfers, WLFI will be deployed on multiple blockchains, including Ethereum and BNB Chain. This move is expected to increase the project's accessibility and attract a wider user base.
However, critics have raised concerns about WLFI's property concentration, with insiders reportedly controlling the majority of tokens and revenue rights. This issue, if not addressed, could potentially impact the project's transparency and decentralization.
In terms of its lending system, WLFI utilizes the one developed by Aave, one of the oldest and most reliable in decentralized finance. This partnership could provide WLFI with a strong foundation for its operations.
Recent reports also suggest that a fund from the United Arab Emirates transferred over $2 billion in USD1 to Binance, further indicating the growing adoption of WLFI's stablecoin.
As WLFI prepares for its launch, all deposits and withdrawals will be available 24 hours after launch, ensuring smooth operations from the outset. With its user-friendly approach, strong backing, and innovative lending system, WLFI is poised to make a significant impact in the DeFi space.
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