The Trump-family-backed DeFi project, World Liberty Financial, has launched a strategic project called Project Wings to push growth for its USD1 stablecoin on the Solana blockchain.
The project will be utilizing USD1 trading pairs on BONK.fun and Raydium Launchlab to boost liquidity and engage traders. In the post on X, WLFI stated that this project was created with “traders at the center” with USD1 expanding to BONK and Raydium Protocol.
Raydium is a decentralized exchange (DEX) and automated market maker (AMM) that runs on the Solana blockchain. In this partnership, Raydium will be helping WLFI set up the infrastructure for its new trading campaign.
Bonk.fun is a platform on the Solana blockchain that makes it easier to launch and trade meme coins. The Bonk Ecosystem has 39 coins with a total market cap of $264.90 million, according to CoinMarketCap data. As per the announcement, USD1 pairs will be available on Bonk.fun.
The partnership with BonkFun and Raydium suggests that WLFI wants to serve a huge and active user base of the Solana.
New Projects Amid Ongoing Controversy
This news comes after World Liberty Fi’s recent conflict with TRON Founder Justin Sun, whose wallet was blacklisted from transferring WLFI tokens. People in the crypto world criticized the project’s decision, which led to discussions about decentralization in the DeFi industry.
Meanwhile, as new updates about the controversy are awaited, WLFI’s is aiming to encourage more people to use USD1 with the new project, especially since meme coins play a significant role in the ecosystem.
Also Read: Move from World Liberty Fi is not a common occurrence in the space: Nansen Analyst
