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Trump’s DeFi project, World Liberty Financial, is officially launching on September 16th, according to his announcement on Twitter this week.
The Aave-based project has sparked controversy over its token allocation and ties to the recently hacked Dough Finance. A draft whitepaper shows 70% of non-transferable WLFI tokens go to insiders, leaving only 30% for public sale, with the project led by Trump’s sons.
With Trump’s 2024 campaign ongoing, many expect the project to face heightened regulatory scrutiny, especially considering its ties to a previously compromised protocol. While the launch has generated excitement, it’s also drawing skepticism, with concerns mounting over the risks of releasing such a high-profile project during election season.
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