Donald Trump-backed World Liberty Financial just increased its holdings of Chainlink’s LINK token.

The project purchased another $1 million worth of LINK late Thursday, data shows, for the second straight day, increasing its LINK stash to $2 million worth of tokens. It additionally brought $246,000 worth of Aave’s AAVE, taking total token holdings to $1.2 million.

LINK is now World Liberty Financial’s fourth-largest holding after ether (ETH), bitcoin (BTC) and tether (USDT).

Backed by the Trump family, World Liberty Financial is a unified platform where users can borrow and lend cryptocurrencies, create liquidity pools and transact with stablecoins. WLFI serves as a governance token for the platform.

It uses data provider Chainlink’s services for better integrating with the wider crypto ecosystem. Chainlink supports the platform by providing crucial pricing data and cross-chain interoperability infrastructure, per a November report.

Chainlink bridges blockchains and off-chain systems, providing smart contracts with access to real-world data, external APIs, and other off-chain resources. LINK tokens, among other are used to pay node operators for their services in retrieving and preparing off-chain data or performing compu

Go to Source to See Full Article
Author: Shaurya Malwa