World Liberty Financial will provide crypto lending services on the Ethereum chain, and the sale of WLFI is regulated by the U.S. SEC

ChainCatcher news, according to Decrypt, the team behind the Trump family's cryptocurrency project World Liberty Financial stated that the project will provide lending services for cryptocurrencies on the Ethereum blockchain network, which is not much different from many existing applications in DeFi.

It promises to be more "user-friendly" and accessible than existing high-tech alternatives, and will be based on a non-transferable (meaning non-tradable) WLFI governance token.

The World Liberty Financial crypto team, led by Chief Operating Officer Zak Folkman and Chief Data and Strategy Officer Chase Herro, released new details today regarding the WLFI token distribution plan, clearly stating that the token sale will be regulated by the U.S. SEC. Folkman stated in today's interview, "No presale, no venture capital, and no early buys; this is as fair as you can expect to see from any other DeFi project, and the token distribution launching now is very equitable."