- World Liberty Monetary invests almost $45 million in crypto property together with ONDO and ETH.
- Justin Solar's $30 million funding drives development and advisory at World Liberty Monetary.
- The Trump family-backed challenge plans to make use of Aave's protocols for decentralized lending.
World Liberty Monetary (WLF), a Trump-backed crypto challenge, considerably elevated its investments in December, bringing their whole to just about $45 million. The fund acquired 250,000 USDC price of Ondo (ONDO) tokens, with the goal of strengthening its place in decentralized finance (DeFi).
On December 16, WLF bought 134,216 ONDO tokens by Cow Protocol at a worth of 250,000 USDC. Since November, the fund has allotted $44.75 million to 6 totally different property as a part of its aggressive funding technique.
Additionally learn: World Liberty Monetary bets $12 million on crypto with ETH, LINK and AAVE purchases
Key acquisitions and partnerships
Amongst its acquisitions, WLF bought 8,105 ETH at a median worth of $3,701 per token, producing a revenue of $2.12 million. Moreover, Justin Solar, founding father of the Tron blockchain, invested $30 million in WLF, turning into its largest backer. Solar's involvement consists of an advisory function, which may sign a strategic pivot for the challenge.
It’s price noting that in keeping with a earlier Bloomberg report, World Liberty Monetary was struggling to fulfill its fundraising objectives regardless of these investments. The challenge's token sale, aiming to boost $300 million for the World Liberty Monetary (WLFI) token, had bought lower than 1 / 4 of its accessible provide, till Justin Solar stepped in together with his $30 million funding of {dollars}.
WLF has additionally secured help from Polychain Capital, a number one enterprise capital agency. The challenge plans to launch a lending and borrowing platform utilizing Aave protocols to allow buying and selling of Ether, wrapped Bitcoin, and stablecoin.
Trump's function and imaginative and prescient for crypto
Donald Trump, who beforehand doubted Bitcoin, has embraced crypto as a part of America's financial future. He not too long ago named David Sacks, a widely known podcaster, because the administration's “crypto czar.” Trump goals to place the USA as a world chief in crypto, with WLF on the forefront of this imaginative and prescient.
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