“Victory for the community! $WLFI tradability gets the green light,” the team posted on platform X. “Our target is a 6–8 week timeline for the full unveiling — strategic partnerships (alliances, grand platforms, intelligent unlocks) require time to achieve their maximum potential. Exciting developments are on the horizon for everyone…”

The team further justified the wait, stating, “We’re negotiating significant deals that could redefine $WLFI’s trajectory, gearing up for high-profile listings on major platforms, and devising equitable unlock schedules. This isn’t a pause — it’s the creation of a legend.”

The decision regarding World Liberty’s token governance was finalized on Wednesday, garnering an overwhelming 99.94% approval from the voting power after a week of voting. At present, WLFI tokens possess no economic rights over the protocol, which is anticipated to be a white label derivative of Aave and is still under construction.

The process of unlocking the tokens, which were initially non-transferable, will pave the way for speculation and price discovery. According to Thaddeus Pinakiewicz, a researcher at Galaxy, WLFI currently trades at around $0.16 in pre-market trading. At pre-market prices, WLFI has a fully diluted market cap of $16 billion. In comparison, Aave has a $5.1 billion diluted market cap.

World Liberty managed to raise roughly $550 million by selling approximately 25 billion tokens, accounting for a quarter of the total 100 billion supply. The remaining tokens will be subjected to a second community vote to determine the unlock and release schedule.

The team has also mentioned that the protocol founders, team, and advisor tokens “will adhere to a longer unlock schedule” and they intend to distribute “a portion” of the tokens to “early backers.” DT Marks DEFI LLC, a Trump-associated firm, is projected to receive 22.5 billion WLFI tokens, as per a disclosure statement in October.

Based on current prices, DT Marks’s WLFI allocation would amount to $3.6 billion. However, the firm only possessed 15.75 billion WLFI tokens at the end of the previous year, according to a public financial disclosure report released last month. The crypto ties of Trump have raised eyebrows among several lawmakers, including Sen. Elizabeth Warren.

In addition to the decentralized lending protocol, World Liberty also manages the USD1 stablecoin. The team has proposed airdropping USD1 tokens to “early” WLFI holders, although no official plans have been declared yet.

Disclaimer: The Block is a standalone media outlet delivering news, research, and data. Foresight Ventures, a major investor in The Block as of November 2023, also invests in other crypto firms. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to provide objective, impactful, and timely information about the crypto industry. This article is for informational purposes only and is not intended as legal, tax, investment, financial, or other advice.

The post World Liberty Anticipates WLFI Token Transferability in 6-8 Weeks, Propelling It to the 11th Largest Market Cap appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.

The innovation-focused segment of Re7 Capital, Re7 Labs, will utilize its “institutional-grade DeFi infrastructure and risk management expertise” to support World Liberty’s mission of proliferating the “adoption and usage” of USD1 on the BNB Chain, as mentioned in the joint statement.

World Liberty, a DeFi project backed by former President Donald Trump, launched its USD1 stablecoin in March. In May, the Abu Dhabi-based investment firm MGX used the nascent USD1 stablecoin to seal a $2 billion deal with Binance, one of the largest cryptocurrency trading platforms globally.

Despite the USD1 token, pegged to the U.S. dollar, currently boasting a market cap of $2.2 billion according to CoinMarketCap, its adoption beyond the deal has been relatively moderate given the growing interest in stablecoins within the U.S. financial system. The Trump administration is on the verge of approving legislation that is likely to accelerate the use of stablecoins in the U.S.

“Its selection for a $2 billion capital deployment initiative linked to MGX and Binance ecosystem strategies highlights the increasing importance of stablecoins in institutional digital finance,” stated World Liberty.

The market leader for stablecoins is currently Tether’s USDT, with approximately $158 billion worth of tokens in circulation, as per The Block’s Data Dashboard.

According to the joint statement, Re7 Labs, which was established over a year ago, manages more than “$550 million in DeFi vaults across leading protocols.”

“In collaboration with World Liberty, Euler, and BNB Chain, we’re promoting a model for stablecoin adoption that satisfies both crypto-native and institutional users’ expectations,” stated Evgeny Gokhberg, founder of Re7 Capital, about the partnership.

Disclaimer: The Block is an independent media outlet that delivers news, research, and data. Foresight Ventures, a majority investor of The Block, invests in multiple companies in the crypto space. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to deliver objective, impactful, and timely information about the crypto industry. This article is for informational purposes only and is not intended to be used as legal, tax, investment, financial, or other advice.

The post World Liberty Partners with Re7 Capital to Boost Stablecoin Adoption on Binance Chain appeared first on Crypto Market Insights: Dive In with CryptoUpdate.io.