World Liberty Financial, the Defi project partly owned by US President Donald Trump, has announced plans to make transfers of his WLFI token possible.
In a post of 25 June on X, the team stated:
‘You have asked to make WLFI Transferable – we have heard you. The team works behind the scenes to make it happen. “
The team has not provided any further information about the timeline for this development.
WLFI is the core movement for World Liberty Financial. It is designed to give holders voting rights about protocolupgrades and to help send the direction of the platform.
Until now, investors who took over WLFI earlier this year have not been able to actively trade it, so that they have expressed concern about transparency and liquidity. The tokens are currently non-transferable between portfolios, whereby the smart contract enforces a limitation and lock all tokens in portfolios or smart contracts for an indefinite period of time.
Despite the restrictions, selected platforms such as LBANB started offering WLFI in a pre-market environment. At the time of the press, token acts around $ 1, with a daily trade volume of almost $ 5 million, according to LBank’s facts.
Rising institutional interest
The decision to make WLFI transferable is because the ecosystem of the Defi project experiences considerable improvements.
During a recent industrial meeting, Zak Folkman, a co-founder of World Liberty Financial, Reportedly revealed that the project is developing a mobile app to improve the accessibility of retail users for crypto tools.
Although the full details have not been released, the app is expected to simplify access to Defi for newcomers.
In the meantime, he also revealed that several public companies are investigating WLFI to their crypto companies.
According to Folkman:
“There has been a lot of interest from various public vehicles that also want to use WLFI in their treasury.”
This trend reflects a broader shift in traditional finances, where companies are increasingly coming into contact with crypto, especially under the pro-Crypto attitude of the current administration.
USD1 -Prasts
At the same time, Folkman unveiled That the company also performs an independent audit of its USD1 Stablecoin.
In particular, the Defi Project Executive believes that the Dollar-Pegeted Activum has a strong market potential and could replace the Tether as the largest stablecoin per market capitalization.
According to data from CryptoSlateThe current circulating range of USD1 is estimated at $ 2.2 billion. Earlier this month, USD1 was distributed via an airdrop to WLFI holders as part of a community stimulans and to test distribution assanics at the chain.