The "World Liberty Financial" project will include a "credit account system" built on the DeFi platform of #AAVE and #Ethereum to support decentralized borrowing and lending.
Users of the platform can “propose and vote on adding new DeFi lending markets or integrating new blockchains”
- While this #DeFi app is not ready yet, the original source code (which has since been deleted on GitHub) shows that the project appears to have copied the source code from Dough Finance.
- Dough Finance was hacked in July and lost $2 million.
- Four people are listed as members of the team #World_Liberty_Financial from Dough Finance, other members include all three of Trump's sons (including Barron Trump 18, Eric Trump and Donald Trump Jr.).
- The project will also include a token called WLFI, which is a non-transferable governance token. This means that the token cannot be traded.
- An LLC for World Liberty Financial is registered under the name Zachary Folkman, along with Chase Herro (both from Dough Finance).
- Chase Herro is the co-founder of Subify, a competitor to both Patreon and OnlyFans. Patreon allows customers to pay content creators, and OnlyFans leans toward porn. Folkman previously registered a company called Date Hotter Girls LLC and posted YouTube seminars on how to attract women.
Currently, the official source code and DeFi application have not been released yet, the above information is only based on the Whitepaper, the history of the participants, and the original source code has been deleted on GitHub.