World Liberty Financial To Airdrop USD1 Stablecoins to WLFI Holders, According to Governance Proposal
The Trump family-adjacent decentralized finance (DeFi) project World Liberty Financial (WLFI) is making waves in the cryptocurrency world with its proposed stablecoin airdrop. Last month, the project unveiled plans to introduce a new stablecoin called USD1, which is designed to be pegged to the US dollar and backed by a combination of short-term government treasuries, dollar deposits, and cash equivalents.
Now, World Liberty Financial is taking things a step further by testing its on-chain airdrop feature. The project aims to distribute a small amount of USD1 to all current WLFI token holders as a way to showcase the functionality of their smart contract and express gratitude to their earliest supporters. The exact amount of the airdrop will be determined based on the total number of eligible wallets and the project’s budget.
In a recent proposal posted on their website, World Liberty Financial stated, “Testing the airdrop mechanism in a live setting is a necessary step to ensure smart contract functionality and readiness. This distribution also serves as a meaningful way to thank our earliest supporters and introduce them to USD1.”
It’s important to note that President Donald Trump is not directly involved with World Liberty Financial, as he is not listed as an officer, director, founder, or employee of the company or any of its affiliates. However, the project does acknowledge Trump as their “Chief Crypto Advocate.” Additionally, DT Marks DEFI LLC, an entity associated with Trump and some of his family members, holds a significant amount of WLFI tokens and is entitled to receive fees from the project.
For those interested in staying updated on the latest news from World Liberty Financial, they can follow the project on X, Facebook, and Telegram. Subscribing to email alerts will ensure that you don’t miss any important updates. And for those looking to track price action or explore more content, The Daily Hodl Mix is a great resource to check out.
Overall, World Liberty Financial’s stablecoin airdrop initiative is an exciting development in the DeFi space, and it will be interesting to see how this project continues to evolve in the future.
