World Liberty Financial, the DeFi project backed by Trump, has revealed plans to launch borrowing and lending services on Ethereum using Aave’s infrastructure. In a proposal submitted to AaveDAO, the project offers 20% of protocol fees and 7% of its governance token, WLFI, to Aave in exchange for using its platform. Initially targeting stablecoin liquidity for Ethereum (ETH) and Wrapped Bitcoin (WBTC), the platform will cater to first-time DeFi users. Although the WLFI token was initially described as non-transferrable, the proposal indicates it will be given as rewards for participation in liquidity pools. Source: Decrypt