In order to enhance the liquidity and practicality of USD1 and WLFI, WLFI is integrating with mature DeFi protocols:
Aave v3 deployment: WLFI proposes to launch a USD1 loan pool on Aave v3. This proposal will allocate 20% of protocol fees and 7% of WLFIToken supply to Aave DAO for governance and liquidity mining. This dedicated instance will support Ethereum (ETH) and Packaged Bitcoin (WBTC) exchange markets, enhancing the liquidity of USD1 and attracting users.
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This integration highlights WLFI’s focus on connecting DeFi’s leading currency markets. However, there is some controversy regarding the effectiveness and implementation of the proposal. Dolomite: Dolomite is a loan agreement founded by WLFI’s Chief Technology Officer. Dolomite is one of the earliest DeFi protocols to support USD1 integration and loan pools. Blockstreet: Blockstreet is a startup platform and token issuance platform within the WLFI ecosystem, designed to provide infrastructure for new projects, with USD1 and WLFI as core settlement assets for token minting, distribution, and listing. Blockstreet’s roadmap includes cross chain issuance and compliance tools, but the specific details are still relatively vague.