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- World Liberty Monetary invests almost $45 million in crypto belongings, together with ONDO and ETH.
- Justin Solar’s $30 million funding boosts World Liberty Monetary’s development and advisory.
- The Trump family-backed undertaking plans to make use of Aave’s protocols for decentralized lending.
World Liberty Monetary (WLF), a Trump-backed crypto undertaking, considerably elevated its investments in December, bringing its whole to almost $45 million. The fund acquired $250,000 USDC value of Ondo (ONDO) tokens, aiming to strengthen its place in decentralized finance (DeFi).
On December 16, WLF bought 134,216 ONDO tokens through Cow Protocol at a value of $250,000 USDC. Since November, the fund has allotted $44.75 million throughout six completely different belongings as a part of its aggressive funding technique.
Learn additionally: World Liberty Monetary Bets $12M on Crypto with ETH, LINK, AAVE Buys
Key Acquisitions and Partnerships
Amongst its acquisitions, WLF purchased 8,105 ETH at a median value of $3,701 per token, yielding a $2.12 million revenue. 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 position, which might sign a strategic pivot for the undertaking.
It’s to be famous that in line with an earlier Bloomberg report, World Liberty Monetary had confronted challenges assembly its fundraising targets regardless of these investments. The undertaking’s token sale, aimed toward elevating $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.
WLF additionally secured help from Polychain Capital, a serious enterprise agency. The undertaking plans to launch a lending and borrowing platform utilizing Aave protocols to allow Ether, wrapped Bitcoin, and stablecoin buying and selling.
Trump’s Position 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 appointed David Sacks, a well known podcaster, because the administration’s “Crypto Czar.” Trump goals to place the U.S. as a world crypto chief, with WLF on the forefront of this imaginative and prescient.
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