Recently, there has been a buzz surrounding a new project that is set to shake up the world of decentralized finance. Official details have finally started to surface, providing a glimpse into what this project aims to achieve.
This upcoming venture is being described as a “best-in-class consumer application,” with a focus on providing a user-friendly experience. The project plans to offer simple onboarding and a familiar user interface, with one-click social login and wallet creation.
Behind the scenes, the project is set to run on an instance of the decentralized-finance (DeFi) project Aave on the Ethereum blockchain. There are also plans to eventually deploy on the layer-2 network Scroll, according to a recent blog post.
World Liberty Financial, the company behind this project, has even sought feedback from the community through a proposal posted on the Aave governance discussion forum. Some concerns have been raised about the revenue-sharing model proposed by the project, with comparisons being drawn to the existing Aave instance.
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Despite some skepticism, there is a sense of anticipation surrounding this new venture. One commenter humorously noted the irony of a figure known for financial controversies launching a decentralized lending protocol.
