Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
  • DIRECTORY
  • CRYPTO
    • ETHEREUM
    • BITCOIN
    • ALTCOIN
  • BLOCKCHAIN
  • EXCHANGE
  • ADOPTION
  • TRADING
  • HACKING
  • SLOT
  • CASINO
Crypto Flexs
Home»ADOPTION NEWS»Donald Trump-Backed DeFi Protocol Is Reportedly Based on Dough Finance Code
ADOPTION NEWS

Donald Trump-Backed DeFi Protocol Is Reportedly Based on Dough Finance Code

By Crypto FlexsSeptember 3, 20243 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr Email
Donald Trump-Backed DeFi Protocol Is Reportedly Based on Dough Finance Code
Share
Facebook Twitter LinkedIn Pinterest Email
People • September 3, 2024 5:33 PM EDT

Posted 1 minute earlier ~ in

Updated: September 3, 2024 5:39 PM EDT

New details about the Donald Trump-linked cryptocurrency project World Liberty Financial have surfaced in a new CoinDesk report published Tuesday. According to a white paper that is reportedly being workshopped, the project will be built on the decentralized finance platform Aave and the Ethereum blockchain, and will center around a “credit account system.”

Announced in late August (and originally launched under the brand name The DeFiant Ones), details of the Trumpian project are scarce. The former president’s sons, Donald Trump Jr., Eric, and 18-year-old Barron, are all said to have been involved in planning the eventual launch. The initial announcement followed the launch of Donald Trump’s latest series of NFTs.

According to the whitepaper and the since-deleted GitHub codebase, World Liberty Financial was inspired by DeFi protocol Dough Finance, although there is no confirmation that the Dough Finance codebase will be used in an official launched product. The team also plans to issue a “non-transferable” governance token called WLFI.

Adding to the intrigue, according to CoinDesk, Dough co-founders Zachary Folkman and Chase Herro are listed as the project’s director of operations and director of data and strategy, respectively. Dow Finance was hit with a $1.8 million flash loan attack.

The Trump family has warned the public to be aware of the potential scam and said any official announcements about the project will be made through personal and professional channels.

Although President Trump was initially skeptical of cryptocurrencies, he has since changed his stance and embraced the industry and technology, resulting in several prominent figures in the crypto space supporting the former president and donating to his campaign.


Disclaimer: The Block is an independent media outlet providing news, research and data. As of November 2023, Foresight Ventures is the largest investor in The Block. Foresight Ventures invests in other companies in the cryptocurrency space. Cryptocurrency exchange Bitget is an anchor LP of Foresight Ventures. The Block continues to operate independently to provide objective, influential and timely information on the cryptocurrency industry. Current financial disclosures are as follows:

© 2024 The Block. All rights reserved. This article is provided for informational purposes only. It is not provided or intended to be legal, tax, investment, financial or other advice.

About the Author

Daniel Kuhn is a senior journalist and editor at The Block, covering the cryptocurrency industry with a particular focus on technology. He previously served as an associate editor at CoinDesk, where he covered the opinions/articles section. He was first published in the trade publication Financial Planning. Before pursuing journalism, he studied philosophy as an undergraduate, English literature as a graduate student, and business and economic reporting at NYU’s professional program. You can connect with him on Twitter and Telegram @danielgkuhn, or find him on Urbit as ~dorrys-lonreb.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

As you challenge the mixed technology signal, OnDo Price Hovers challenges the August Bullish predictions.

August 7, 2025

XRP Open Interests decrease by $ 2.4B after recent sale

July 30, 2025

KAITO unveils Capital Launchpad, a Web3 crowdfunding platform that will be released later this week.

July 22, 2025
Add A Comment

Comments are closed.

Recent Posts

The Animoca brand invests in a nice cat

August 11, 2025

Is Alt Season finally here, just as Ether Lee’s tearing and a small cap follows?

August 11, 2025

Flareonix airdrop is live! Under the share of 100m FXP today!

August 11, 2025

Carv can be used for transactions!

August 10, 2025

Ethereum (ETH), SEI (Sei), and Bonk (Bonk) gathered in July, but one token is prepared to dominate next.

August 10, 2025

Floki and OnDo expand their profits as Robinhood Listing strengthens.

August 10, 2025

Vitalik Buterin regains the title of ‘Onchain Billionaire’, where ether reaches $ 4.2K.

August 10, 2025

Did you miss the TRON ‘S (TRX) 100X? Ruvi AI (Ruvi)

August 9, 2025

Re -creation attack in ERC -721 -Ackee Blockchain

August 8, 2025

The New Bybit Web3 Is Here–Fueling On-Chain Thrills With $200,000 Up For Grabs

August 8, 2025

Stella (XLM) Eye 35% Rally and Ripple and SEC END 5 years legal battle

August 8, 2025

Crypto Flexs is a Professional Cryptocurrency News Platform. Here we will provide you only interesting content, which you will like very much. We’re dedicated to providing you the best of Cryptocurrency. We hope you enjoy our Cryptocurrency News as much as we enjoy offering them to you.

Contact Us : Partner(@)Cryptoflexs.com

Top Insights

The Animoca brand invests in a nice cat

August 11, 2025

Is Alt Season finally here, just as Ether Lee’s tearing and a small cap follows?

August 11, 2025

Flareonix airdrop is live! Under the share of 100m FXP today!

August 11, 2025
Most Popular

Why You Should Consider Choosing an Essay Service

March 11, 2024

Bitcoin’s Biggest Event: Kraken and Bitcoin Magazine Host Bitcoin Halving 2024 Livestream Event.

January 31, 2024

Bitcoin inflation resistance, corporate purchases induce prices

May 27, 2025
  • Home
  • About Us
  • Contact Us
  • Disclaimer
  • Privacy Policy
  • Terms and Conditions
© 2025 Crypto Flexs

Type above and press Enter to search. Press Esc to cancel.