Crypto Highlights: Trump-Linked DeFi Project Plans To Raise $300M, Uniswap Introduces Layer 2 Unichain
World Liberty Financial, a decentralized finance (DeFi) project connected to Donald Trump, plans to raise $300 million at a $1.5 billion valuation.
Uniswap Labs, on the other hand, has introduced Unichain, a new Ethereum Layer 2 solution that promises faster and more scalable transactions.
Another major player, Optimism, has rolled out its fifth airdrop, rewarding thousands of users. These developments highlight significant progress in the crypto world. Below are more details about these highlights.
Trump’s DeFi Project World Liberty Financial’s $300M Fundraising Plan
World Liberty Financial, a DeFi project linked to Donald Trump, is set to raise $300 million in an upcoming token sale. This sale, part of the project’s roadmap, values the platform at $1.5 billion.
The project intends to offer a governance token, WLFI, which will be non-transferable for 12 months. Holders of WLFI tokens can vote on platform decisions.
Interestingly, the token sale represents 20% of the total WLFI token supply. Previous statements from co-founder Zak Folkman in an X space suggest more sales could follow.
He mentioned that 63% of the total tokens would eventually be sold to the public. The remaining tokens are earmarked for rewards and the team.
🚀 Exciting News! World Liberty Financial has officially published its vision for revolutionizing finance through a DeFi protocol built for mass adoption! 🌍🔗
Read it here: https://t.co/LWieZM6wiC
— WLFI (@worldlibertyfi) October 11, 2024
According to its Roadmap, World Liberty Financial’s first phase involves launching a DeFi lending platform. This platform will run on the Ethereum Layer 2 network Scroll and offer assets like Bitcoin, Ether, and stablecoins.
The project plans to allocate 7% of its tokens to Aave DAO, an established decentralized lending protocol. This portion of tokens, valued at $105 million, aims to encourage voting and liquidity on the platform.
The roadmap also outlines plans for a stablecoin-focused credit card, exchange integration, and fractional ownership of real-world assets like hotels.
Uniswap Labs Unveils Unichain
Meanwhile, Uniswap Labs is also making headlines with its latest move. The decentralized exchange giant has revealed its Ethereum Layer 2 solution, Unichain.
This new network aims to offer faster and more scalable transactions using Optimism’s OP Stack infrastructure.
Unichain is notable because it is the first Layer 2 to integrate Flashbots’ Rollup Boost technology. This upgrade ensures block times of less than one second, speeding up transactions significantly.
Currently, Unichain is in the testing phase, with several Uniswap versions set to launch on the network by the end of the year. Versions V2 and V3, as well as a preview of V4, will be available soon, marking a significant leap forward for Uniswap.
This new move also helps address concerns about fragmentation within the Ethereum ecosystem.
According to Uniswap, Unichain will be interoperable with other Layer 2 networks in Optimism’s Superchain. This interoperability could enhance user experience across different platforms, reducing friction between Layer 2s.
Optimism’s Fifth Airdrop Rewards Thousands
Ethereum Layer 2 network Optimism has launched its fifth airdrop in another development. On Thursday, the platform gave away 10.3 million OP tokens, worth about $16 million, to over 54,000 users.
Eligible airdrop recipients were users who used at least 20 contracts across Optimism’s Superchain networks, including OP Mainnet, Base, and Zora, between March 15 and September 15, 2024.
Also, the project gave bonus rewards to those who had engaged with seven or more Layer 2 networks or delegated a minimum amount of OP tokens.
Optimism has now distributed more than 265 million Optimism tokens through five airdrops. Meanwhile, about 550 million tokens are still set aside for future giveaways.
These airdrops are part of Optimism’s broader strategy to reward early adopters and incentivize further participation in its ecosystem.
PlusToken Ponzi Funds on the Move Again
According to an on-chain expert, ErgoBTC, Ether tokens from the PlusToken scam, valued at about $16 million, have started entering exchanges. This suggests an intent to sell the Ether coins seized by Chinese authorities.
In early August, the remnants of ETH seized from the multibillion dollar PlusToken scheme awoke on-chain for the first time since 2021.
Over the last 24h about 7k ETH of the remaining 542k ETH ($1.3b) was sent to exchanges indicating intent to begin selling the remaining tokens. pic.twitter.com/tu2o7y4o4L
— ∴FreeSamourai∴ (@ErgoBTC) October 9, 2024
Two months earlier, other large amounts of Ether, dormant since 2021, were also moved. This issue started when PlusToken scammed over 2.6 million people in 2018 and 2019. The authorities seized assets, including BTC, ETH, and others worth $14 billion.
In addition, 15 people were convicted of fraud and other charges and sentenced to between two and 11 years in prison, with fines ranging from $100,000 to $1 million.
Ubisoft Enters Blockchain Gaming Sector
Ubisoft, the company behind Assassin’s Creed, is releasing its first crypto video game, Champions Tactics. The game will launch on PC on October 23, marking Ubisoft’s entrance into the blockchain gaming space.
The wait is almost over!
We’re excited to announce the official launch date for Champions Tactics: October 23rd!
Mark your calendars and get ready to
Craft your Legend! ⚔️ pic.twitter.com/HfhQq04PZg— Champions Tactics (@ChampionsVerse) October 10, 2024
In Champions Tactics, players can assemble teams of Dungeon & Dragons-style characters. These characters will battle other teams, with 75,000 NFTs available as collectible in-game assets.
Each NFT can represent unique characters or items, making them valuable in-game. The game operates on the HOME Verse, a Layer 2 network within the Oasys gaming ecosystem.
This network improves speed and efficiency while using blockchain technology. Significant companies like Sega and Ubisoft act as validators on the platform, ensuring security and trust in the game’s operations.
Ubisoft’s move into the web3 gaming space demonstrates its confidence in blockchain technology.
It adds a new layer of player ownership and interaction through NFTs, offering fans more than traditional gameplay. This will allow players to enjoy the game and own digital assets that could have real-world value.
The crypto space continues to evolve, with projects like World Liberty Financial, Uniswap, and Optimism pushing the boundaries through innovative DeFi solutions and scalable Layer 2 networks. These developments reflect the ongoing demand for scalable, decentralized financial solutions.
