Donald Trump’s World Liberty Financial Opens KYC Verification For Participation In ‘Historic Moment’
Former President Donald Trump is now offering KYC (Know Your Customer) verification for participants of World Liberty Financial (WLFI), a decentralized finance (DeFi) platform.
What Happened: Trump took to X (formerly Twitter) to announce the opening of WLFI’s whitelist, marking this as a significant step toward his ambition of making America the crypto capital of the world.
World Liberty Financial is designed as a DeFi money market that allows users to borrow, lend and earn interest on cryptocurrencies, removing traditional financial intermediaries.
A governance token, WLFI, will be issued, granting holders voting rights over the platform’s future.
However, the token will be non-transferable and non-yielding, differing from most crypto assets that can be traded or generate passive income.
Notably, 63% of the WLFI token supply is reserved for accredited investors, limiting participation …
About The Author
