Recently, official details regarding the project have started to emerge. It is described as a “best-in-class consumer application” that is yet to be developed and launched. The project aims to offer a simple onboarding process and familiar user interface/experience through one-click social login and wallet creation, as mentioned in a blog post. The project plans to utilize the decentralized finance (DeFi) project Aave on the Ethereum blockchain, with future plans to deploy on the layer-2 network Scroll. World Liberty Financial has even presented a “temperature check” proposal to the Aave governance forum to gather feedback from the community. Some concerns were raised about the revenue sharing arrangement, where the Trump-affiliated project would offer 20% of revenue to Aave compared to the main Aave instance’s 100%. There were discussions about the potential competition between Aave’s current market and WLF’s market, as well as the growth opportunities from new users and increased liquidity. One commenter humorously pointed out the irony of a man known for not paying back creditors launching a decentralized lending protocol.
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