Support for Donald Trump and his family’s cryptocurrency project, World Liberty Financial (WLFI), is growing day by day.
Tron founder Justin Sun has invested heavily in WLFI, while decentralized stablecoin protocol Frax Finance is also considering investing.
Accordingly, Frax Finance offered to invest up to $10 million in the Trump-led WLFI.
Frax Finance has submitted a management offer on its official website to invest up to $10 million in DeFi protocol World Liberty Financial.
The proposal also includes an additional $5 million investment, contingent on the success of the initial $5 million investment.
The following statements were included in the proposal:
“With the newly elected Trump administration’s commitment to US-based DeFi projects, it is important for FRAX ($0.99) to take its rightful place as a leader of this movement.
As Trump’s only DeFi project, WLFI is the ideal partner to achieve this goal.
President Trump has a vision to make the US the global leader in cryptocurrency, with WLFI playing a key role in achieving his goals. Approving the WLFI investment enables FRAX to expand adoption, increase visibility, and secure its role in the next phase of US DeFi growth.”
In response to the proposal, one community member stated that it was “extremely risky and irrational to invest $5 billion in a project with no proven track record.”
Frax Finance co-founder Stephen Moore previously served as an economic advisor to Donald Trump.
*This is not investment advice.
Continue Reading: Trump’s Former Advisor Makes Million Dollar Investment in WLFI
