СМИ: криптопроект сыновей Трампа основан на коде Dough Finance

In an intriguing development, the crypto project World Liberty Financial, spearheaded by Eric and Donald Trump Jr., is reportedly based on code fragments from Dough Finance. This revelation surfaced through an exclusive report by CoinDesk, which obtained excerpts from the project’s white paper.

Project Overview and Team Composition

Announced in early August 2024, World Liberty Financial is positioned as a service for borrowing and lending. Notably, it is not a meme coin, and Donald Trump Jr. hinted that the project might involve real estate tokenization. The project has attracted significant attention due to its notable team members, including Corey Kaplan, a co-founder of the decentralized exchange Dolomite. Four developers from Dough Finance have joined the World Liberty Financial team, adding to its technical expertise.

Technical Insights and Governance

CoinDesk’s analysis of the white paper reveals that World Liberty Financial’s structure and code bear a strong resemblance to the Dough Finance protocol. The project plans to issue a governance token, WLFI, which will be non-transferable, likely to deter speculative trading. This approach could foster a more stable and committed user base.

Founders and Associations

World Liberty Financial is registered to Zachary Folkman, who, along with Chase Herro, created Dough Finance. Both founders are also linked to Subify, a service positioned as a competitor to Patreon and OnlyFans, notable for its lack of censorship. This diverse background of the founders adds a layer of credibility and experience to the new project.

Security Concerns and Market Perception

However, the project’s association with Dough Finance has raised some eyebrows. In July 2024, Dough Finance suffered a hack via a flash loan attack, resulting in a $1.8 million loss. Although there is no confirmed presence of Dough Finance’s code in the final version of World Liberty Financial, the connection to a previously compromised protocol might deter potential users.

Future Prospects and Industry Impact

The emerging details about World Liberty Financial suggest it could be a significant player in the crypto borrowing and lending space, especially with the backing of high-profile individuals like the Trump sons. However, the project’s success will depend on its ability to assure users of its security and differentiate itself from past vulnerabilities. The broader impact on the crypto market could be substantial if the project achieves its objectives, potentially setting new standards for security and functionality in decentralized finance.
World Liberty Financial’s journey will be closely watched by the crypto community, and its developments could offer valuable insights into the evolving landscape of blockchain-based financial services.