World Liberty Financial (#WLFI ) Update
1. Conflict of Interest Concerns: The WLFI family reportedly holds 22.5 billion tokens. Additionally, a $75 million investment from Justin Sun was made shortly before his SEC issues were resolved, raising questions about timing and transparency.
2. Centralized Control Issues: WLFI demonstrated centralized authority by freezing multiple user wallets—including Sun’s—to prevent sell-offs following a price decline. This move contradicts the principles of decentralization and raises concerns about trust within the DeFi space.
---
On a different note, here are two promising projects I’m following:
🔹 BounceBit (#BB): A Bitcoin re-staking Layer 1 platform that transforms BTC into yield-generating capital through a CeDeFi model. It has strong validation from traditional finance, with integration into Franklin Templeton’s tokenized U.S. Treasury Fund (BENJI).
🔹 Bittensor (#TAO): A decentralized AI marketplace rewarding collaborative AI model development. Often compared to Bitcoin for its 21 million hard cap, it plays a foundational role in the intersection of AI and crypto innovation.
