The World Liberty Monetary (WLFI) Venture introduced Sandy Peng, co-founder of Scroll, as their new advisor on September 15. WLFI is the decentralized software protocol supported by the household of former US President Donald Trump.
Peng has earlier expertise as a accomplice at Hong Kong-based Fission Capital and as a administration affiliate on the Hong Kong Securities and Futures Fee (SFC).
A collection of advisor bulletins
Notably, Peng is the most recent title on the listing of advisors introduced by the WLFI group since August 30. Corey Caplan, co-founder and creator of the multichain cash market protocol, was the primary title introduced by the venture.
Alexei Dulub, founding father of the open-source browser extension Web3 Antivirus and Web3-focused service supplier PixelPlex, was introduced because the second advisor by the WLFI X Profile on September 5.
Ogle was the third title WLFI revealed on September 7. He’s the co-founder of the blockchain ecosystem Glue and a safety skilled who has been concerned in efforts to recuperate funds from hacks akin to Euler, Curve and Kyberswap.
Rafael Yakobi, managing accomplice at crypto-focused legislation agency The Crypto Legal professionals, was appointed WLFI’s fourth advisor on September 10. In keeping with the publish, Yakobi will present regulatory experience.
The fifth title and the final earlier than Peng’s announcement was Luke Pearson, common accomplice at enterprise capital fund Polychain since 2021.
Nearly launched, no particulars
The decentralized finance (DeFi) venture WLFI gained consideration after the involvement of Trump’s sons Eric Trump and Donald Trump Jr. got here to mild.
Regardless of expectations of a September 16 launch with a livestream hosted by Donald Trump, details about the venture stays scarce.
In a collection of publications on September 4, the WLFI group indicated that they’re working with crypto safety corporations akin to Zokyo, Fuzzland, PeckShielf and BlockSec to make sure that the codes for his or her good contracts are safe.
Moreover, it was revealed that they’re reportedly working with cash market Aave to construct a “platform that units new requirements and advances all of DeFi.”
The WLFI group acknowledged that their mission is to “make crypto and America nice” by means of the adoption of stablecoins and DeFi.
“Here is why stablecoins matter: we would like US-pegged stablecoins to stay the settlement layer of the world for the following 100 years. The US greenback has been the spine of worldwide finance for many years, however is now beneath assault by overseas nation states.”
In consequence, the WLFI group believes that spreading the adoption of stablecoins pegged to the US greenback will preserve US dominance on the worldwide stage.