WLFI is described as a decentralized finance (DeFi) protocol and governance platform. Its vision is to bridge legacy finance and the open economy with purpose-built, on-chain products. The project's goal is to provide users with transparent and decentralized financial services.

Project Function

WLFI is the governance token for the World Liberty Financial platform. The platform offers several products and features:

Decentralized Lending/Borrowing: WLFI has a crypto lending and borrowing service built on an Aave v3 instance, allowing users to deposit assets like ETH, WBTC, USDC, and USDT to earn interest or borrow against their collateral.

Yield "Earn" Products: The protocol connects to various DeFi yield protocols, enabling users to earn interest on their crypto holdings.

Multi-Chain Support & Integrations: The ecosystem is designed to be multi-chain and interoperable, with its stablecoin and DeFi services currently on the Ethereum and Binance Smart Chain.

Token Utility 

The WLFI token is designed to power the on-chain governance system. Holders of the $WLFI token can propose and vote on changes to the protocol and ecosystem.

About The Founders

The project was founded by Donald J. Trump, Eric Trump, Donald Trump Jr, Barron Trump, Chase Herro, Zak Folkman and Steve Witkoff.

Risks of WLFI

Like an investment in other crypto assets, there are some general risks to investing in WLFI. These include:  (i) volatility risk and liquidity risk, (ii) short history risk, (iii) demand risk, (iv) forking risk, (v) code defects, (vi) regulatory risk, (vii) electronic trading risk, and (viii) cyber security risk. For additional information of these and other general risks associated with crypto assets and Uphold’s platform, please refer to the Risks Specific to Holding Digital Assets statement.

In addition to these general risks, an investment in WLFI is subject to the following specific risks:

WLFI operates using smart contracts, which have an association with vulnerabilities and security breaches. Despite undergoing successful audits by well-regarded third-party entities, it is essential to acknowledge the existence of inherent risks. 

We emphasize that this Crypto Asset Statement is not an exhaustive description or summary of all risks associated with WLFI. Investors should conduct their own research and perform their own assessment before trading any crypto asset to determine the appropriate level of risk for their personal circumstances.

The WLFI community and World Liberty Financial founding team are not under any legal or regulatory obligation to disclose material information to the public regarding its activities. Holders of WLFI have no recourse to the WLFI community, World Liberty Financial founding team, or Uphold if WLFI declines in value for any reason.

Changes to applicable law may adversely affect the use, transfer, exchange, or value of any of your crypto assets, and such changes may be sudden and without notice.

Uphold’s Evaluation Process

Prior to listing WLFI on the Uphold Platform, Uphold performed due diligence on WLFI and determined that WLFI is unlikely to be a security or derivative under relevant securities legislation. Uphold’s analysis including reviewing publicly available information on the following: 

The creation, governance, usage, and design of WLFI, including ensuring the source code is open-source, audited and peer reviewed, security, and roadmap for growth in the developer community. 

The supply, demand, maturity, utility, and liquidity of WLFI.

Any marketing materials put forward by the WLFI social team including on, Twitter, Medium blog, LinkedIn posts, Discord and Telegram channels.

Material technical risks associated with WLFI, including any code defects, security breaches and other threats concerning WLFI and its supporting blockchain (such as the susceptibility to hacking and impact of forking), or the practices and protocols that apply to them.

Legal and regulatory risks associated with WLFI, including any pending, potential, or prior civil, regulatory, criminal, or enforcement action relating to the issuance, distribution, or use of WLFI.