World Liberty Financial ($WLFI) to Integrate with Chainlink (LINK) Oracles to Accelerate DeFi Adoption

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As a seasoned analyst with over two decades of experience in the financial markets, I’ve seen countless partnerships and integrations reshape industries. The collaboration between World Liberty Financial ($WLFI) and Chainlink is one such event that has piqued my interest.

The World Liberty Financial ($WLFI) protocol, which is supported by Donald Trump, has revealed plans to collaborate with the prominent oracle service provider, Chainlink (LINK). This collaboration aims to streamline DeFi services offered by World Liberty Financial. According to the announcement, Chainlink’s network will deliver pricing data within the Ethereum ecosystem and bolster a secure interoperability service for the WLFI protocol.

In the process of bringing more individuals into the web3 realm using the WLF protocol in a safe and secure fashion, the WLFI token will be instrumental. The integration of Chainlink is set to be vital for this smooth transition.

To kickstart the strategic partnership, the WLFI protocol will integrate with the Chainlink Price Feeds on the Ethereum mainnet to bolster the intended launch of the World Liberty Financial AAVE V3 instance.

Additionally, the WLFI protocol calls for dependable and protected financial market data pertaining to Circel’s USDC, Tether’s USDT, Ethereum, and Wrapped Bitcoin (WBTC), along with other similar assets.

In simpler terms, “World Liberty Financial’s collaboration with Chainlink signifies a significant advancement according to Eric Trump, Web3 Ambassador at World Liberty Financial. He has never been more optimistic about cryptocurrencies or the future of Decentralized Finance (DeFi) technology.

Top Reasons Why World Liberty Financial Chooses Chainlink Services

Over the past few years, the Chainlink core developers have unveiled revolutionary innovations, including the Cross-Chain Interoperability Protocol (CCIP), to help in the seamless adoption of multi-chain smart contracts.

Sergey Nazarov, Co-Founder of Chainlink network, expressed his enthusiasm about collaborating with WLFI for their data, cross-chain, and all other Oracle network requirements. He mentioned that the widely adopted Chainlink standard in DeFi will aid WLFI in drawing users who appreciate the security and dependability that has contributed to DeFi’s growth as a sector.

The Chainlink network has over the years facilitated a seamless transfer of over $16 trillion in cross-networks. Most importantly, the Chainlink network is verified and trusted by dozens of DeFi protocols in the Web3 space, including Coinbase Global Inc (NASDAQ: COIN).

The WLFI protocol will significantly lean on Chainlink oracles to boost the use of its native token, which is presently in the pre-sale stage. Notably, the Chainlink network simplifies the process of tokenizing real-world assets (RWA), an area predicted to experience rapid expansion in the near future.

Market Impact

The alliance between the WLFI protocol and the Chainlink network could significantly influence how the value of LINK tokens behaves during this current cryptocurrency market uptrend.

This mid-sized digital currency, valued at approximately $13.2 billion when all potential shares are considered, bounced back after a prolonged period of decline, during which its value was corrected for multiple weeks, and it consistently trades over a billion dollars daily.

Additionally, Chainlink’s RSI has lately risen beyond the 50% threshold, indicating that the bulls are regaining control in the market.

As a researcher, I’ve observed that for a potential bullish trend leading to the all-time high, it is crucial that the LINK price maintains a consistent close above its 200-week Moving Average (MA).

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2024-11-14 21:12