Their new platform, called the WLFi governance platform, will let the community help decide how everything works.
Instead of one group making all the rules, the WLFi community will vote on important decisions. Let’s discover more about WLFi’s Plan.
Simplifying Decentralized Finance for Everyone
This kind of setup, known as decentralized governance, puts control into the hands of users. Think of it like everyone having a say in how the company is run, instead of just the boss calling all the shots.
The goal of the WLFi protocol is to make DeFi more accessible to everyone. Many people find DeFi complicated and confusing, but WLFi wants to change that. According to its blog post, they’re planning to make it simple for users to join, with a one-click social login and easy wallet creation.
🚀 Exciting News! World Liberty Financial has officially published its vision for revolutionizing finance through a DeFi protocol built for mass adoption! 🌍🔗
Read it here: https://t.co/LWieZM6wiC
— WLFI (@worldlibertyfi) October 11, 2024
WLFi also plans to launch on two different networks, Ethereum and Scroll. Ethereum is already popular in the world of DeFi because it has lots of liquidity, meaning there’s a lot of money moving around. This makes it great for handling big investments, like those from large institutions.
Scroll, on the other hand, is fast and cheap. It uses a special technology called a ZK roll-up, which helps keep transaction costs low. With Scroll, users can have a gas-less experience, which means they won’t have to worry about paying high fees every time they make a transaction.
🧵 1/5 We’re excited to announce that World Liberty Financial has officially posted our governance proposal to Aave’s forum to launch an Aave V3 instance on Ethereum Mainnet! 📜 Check it out here: https://t.co/CQRrBqDIVv
— WLFI (@worldlibertyfi) October 9, 2024
The WLFi protocol partnered with Aave, a well-known platform in the DeFi space. Aave allows users to borrow and lend money without needing a bank or middleman. This partnership would combine the best of both worlds—Aave’s reliable, peer-to-peer lending system and WLFi’s user-friendly interface. But, before this can happen, the community will need to vote on it. If it gets the green light, this collaboration could be a game-changer for DeFi users, offering them a safe and easy way to access borrowing and lending.
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