#WLFI The significance of this is not just in its endorsement by the U.S. president, but in the unprecedented goals that Trump wants to achieve through it. One can ponder why Trump is going through the trouble of legislation and giving the green light to stablecoins, even at the cost of his own political reputation to support WLFI. Does he really just want to make a quick profit? Does he lack for anything?
After contemplating the above questions, we can clearly conclude that Trump wants to build a cryptocurrency kingdom led by the United States, maintain the long-term dominance of the dollar, and change the traditional financial model, completely taking control of the traditional financial market dominated by the Federal Reserve and the Democratic Party.
I will analyze the following content to validate my viewpoint:
1. The Four Core Functions of WLFI
1. Decentralized Finance (#defi ) platform
The first core function of WLFI is to build a decentralized finance (DeFi) platform. Users can earn rewards by staking USD1 and WLFI tokens. This approach not only helps increase the usage frequency of the USD1 stablecoin but also enhances the liquidity and security of the WLFI ecosystem.
The DeFi platform of WLFI achieves automation through smart contracts, reducing human intervention and increasing transparency and efficiency. Additionally, the platform supports decentralized exchanges (DEX) and cross-chain bridging, enabling users to seamlessly transfer assets between different chains.
Importantly, we must not understand this major core function in the traditional sense of DeFi in the crypto circle. WLFI needs to serve not just crypto circle users. Let's temporarily position it as a blockchain version of 'bank wealth management' or 'Golden Tokyo Finance'.
2. Dollar-centered stablecoin ecosystem: #USD1
In the strategy of WLFI, USD1 is regarded as the most important part of its ecosystem. This stablecoin is positioned as a 'digital dollar' with high stability and practicality. Unlike common algorithmic stablecoins (such as LUSD, SUSD), USD1 adopts a 1:1 dollar collateral mechanism, ensuring its value is always pegged to the dollar.
This design makes USD1 a reliable payment tool and transaction medium. In the future, WLFI plans to promote the widespread application of USD1 in retail, corporate payments, and cross-border transactions, and it may even become an 'American, tax-paying digital dollar'.
(Genius Act) is the legal channel opened for USD1. Once passed, the above blueprint will accelerate its realization. Therefore, we can temporarily regard USD1 as the blockchain dollar. If this single business replaces USDT, it will bring a valuation of hundreds of billions of dollars to WLFI.
3. Decentralized Governance Platform (#DAO )
WLFI allows its token holders to participate in decentralized governance, voting on protocol updates, marketing strategies, new feature development, and more. This mechanism is one of the cores of decentralized finance, ensuring project transparency and community-driven nature.
Users can influence the future development direction of the project through token voting, enhancing their sense of belonging and trust in WLFI.
4. The bridge between Web2 and Web3
A key strategy of WLFI is to bring Web2 users into #Web3 . To achieve this goal, WLFI pays special attention to user experience (UX) and user interface (UI) design, simplifying the complex processes of DeFi so that even cryptocurrency novices can easily get started.
At the same time, WLFI leverages Trump's global brand influence to bring traditional users into the Web3 space through social media, brand events, and marketing promotions. This initiative is expected to drive large-scale adoption of DeFi and cryptocurrency.
We can understand it as a blockchain version of a banking app or blockchain Alipay.
2. Summary
From the above four core businesses, we can clearly sense that what Trump and his family want to do #WLFI is essentially a traditional web2 bank, but unlike web2, web3 offers stronger payment convenience and traceability. By integrating payment, wealth management, and stablecoins, it aims to become a world bank. If this is achieved, it will be a trillion-dollar project.
I'm afraid we will all become witnesses and participants in history. Finally, I want to say to those funders: 'If the president of the strongest country on Earth cannot accomplish something with the power of the nation, who else can?'
Is it my lie or your greed? The answer will soon be revealed 🦅