Trump’s World Liberty Financial Buys $10M in ETH, Expanding Crypto Holdings

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BitcoinWorld 2d ago

Trump’s World Liberty Financial Buys $10M in ETH, Expanding Crypto Holdings - BitcoinWorld

Quick Summary:

In a bold move that further solidifies its position in the decentralized finance (DeFi) space, World Liberty Financial (WLFI)—a Trump family-backed DeFi project—has purchased 3,247 ETH through the Cow Protocol, according to data from Arkham Intelligence on X.

By utilizing Cow Protocol, WLFI has opted for a decentralized trading route, which allows for lower transaction fees and increased privacy, showcasing the project’s commitment to DeFi-native practices.

Ethereum’s Role in DeFi: As the leading blockchain for DeFi applications, Ethereum supports thousands of protocols, including lending, staking, and decentralized exchanges.