PANews reported on December 13 that the World Liberty Financial governance page showed that the WLFI community voted to pass the first proposal to deploy a lending instance based on Aave v3 on the Ethereum mainnet. The instance will support lending of ETH, WBTC, USDC and USDT, and will be managed through Aave's risk management system.
The WLFI protocol aims to provide a seamless experience for users who are new to DeFi, promote the popularity of overcollateralized lending, and enhance Aave's leadership in the digital asset lending market. AaveDAO will receive 20% of the protocol fee income and 7% of the $WLFI tokens for governance participation and liquidity incentives.
