World Liberty Financial (WLFI), a Defi company related to US President Donald Trump, has drawn a USDT loan of $ 7.5 million via the Aave Lending Platform.
On June 10, Blockchain -analyzed company Onchain Lens reported that WLFI assets delivered more than $ 52 million to Aave. This included 7,900 Ethereum (ETH) with a value of $ 21 million, 162.69 packed Bitcoin (WBTC) and 5,010 Staked Ethereum (Steth) worth $ 13.31 million.
After this transaction, WLFI borrowed $ 7.5 million USDT from Aave V3 and transferred the loan funds to a Bitgo portion.
WLFI still has to comment publicly on the loan or its exact purpose.
However, onchain -lens suggested that the move was probably intended to facilitate USD1 refund. USD1 is a recently launched Stablecoin by WLFI and is linked to the US dollar. Since the launch, the digital actual remarkable acceptance has seen on centralized and decentralized markets, including offers about Binance.
In the meantime, the WLFI loan corresponds to a wider trend in the crypto room. In recent months, prominent organizations such as the Ethereum Foundation Defi loans have tapped to gain access to Stablecoins without liquidating their core crypto companies.
Floor of tires between Aave and WLFI
This latest loan emphasizes the growing relationship between WLFI and Aave, the largest lending defi protocol.
Last year, WLFI revealed plans to use his copy of the Aave V3 money market on Ethereum. The initiative would make it possible to borrow and borrowing important assets such as ETH, WBTC, USDT and USDC.
As part of the launch, WLFI agreed to share 20% of the protocol costs with Aavedao in exchange for access to the Defi platform code. In addition, Aavedao receives 7% of the token stock from WLFI, which allocates IT administration participation in the WLFI ecosystem.
At the same time, the Trump-related project also made a strategic investment of more than $ 1 million in Aave tokens and other Defi-related projects.
Market observers believe that these movements underline the dedication of WLFI to deepen his integration with the Defi infrastructure of Aave.