The Trump Family is working with Aave, the largest DeFi money market protocol, on their web3 venture. On Sept. 4, World Liberty Financial (WLFI), the forthcoming web3 project from the family of Donald Trump, the former U.S. president and Republican presidential nominee, took to social media to reveal details regarding the venture. WLFI said it is working closely with Aave and on a platform intended to drive “mass adoption of stablecoin and decentralized finance.” The comments suggest that WLFI will comprise a stablecoin-focused lending platform. "We’re working with Aave, collaborating to create a platform that sets new standards and pushes all of DeFi forward,” WLFI tweeted. “We believe that DeFi is the future, and we’re committed to making it accessible and secure for everyone… We want U.S.-pegged stablecoins to remain the world’s settlement layer for the next 100 years.” The team added that their code has been audited by security firms Zokyo, Fuzzland, PeckShield, and BlockSec. Aave did not respond to The Defiant’s request for comment. The price of AAVE is up 0.6% over the past 24 hours, according to The Defiant’s crypto price feeds. Ties to Dough Finance The announcement came one day after CoinDesk reported that WLFI had published a white paper to GitHub describing a borrowing and lending platform similar to Dough Finance — a protocol that was hacked for $2.1 million in July. Notably, four of Dough Finance’s developers are listed as WLFI’s team members. The document has since been removed from GitHub. “Rumors are flying, but here’s the real story behind World Liberty Financial,” the project tweeted. Trump family expands crypto endeavors Donald Trump and his sons Eric Trump and Donald Trump Jr. began teasing an upcoming web3 project last month, with Eric proclaiming he had “fallen in love” with crypto and DeFi on Aug. 7 and hinting that he would soon make “a big announcement.” The news inspired several scam tokens purporting affiliation with the Trump camp, including Restore the Republic (RTR) — which skyrocketed to a $150 million market cap within hours of debuting before quickly crashing. On Aug.8, Eric Trump said that the RTR memecoin was not affiliated with the Trump family. One week later, Eric suggested that the project would target lending. Donald Trump has also released four NFT collections comprising Trump-themed trading cards since December 2022. The collections have driven more than $14 million worth of sales, with Trump taking a roughly 50% licensing fee. The family’s increasing web3 endeavors mark a significant shift since Donald Trump called Bitcoin a "scam" and described crypto as “a disaster waiting to happen" in 2021. In May, Trump began accepting campaign donations in the form of cryptocurrency and has since pledged to serve as a pro-crypto president if re-elected. Trump also met with Bitcoin mining executives in June and promised to make the United States a “Bitcoin superpower” and “the “crypto capital of the planet” in July. Harris campaign tentatively courts crypto The Democratic Party and Kamala Harris appear to be making quiet moves to court back crypto votes amid the 2024 U.S. presidential election race. On Sept. 4, Alesia Haas, the chief financial officer of Coinbase, the largest U.S. centralized exchange, announced that the Harris campaign is now accepting crypto donations through the Future Forward super PAC. In June, Future Forward raised $50 million to support Harris's campaign. “She is accepting crypto donations,” Haas said during Citi’s 2024 Global TMT Conference. “She’s using Coinbase Commerce now to accept crypto for her own campaign.” Last month, Democratic Party officials hosted a Zoom call with crypto industry executives. Although the meeting was intended to set aside differences between the two camps, the discussion reportedly went poorly. "Executives didn't hold back on telling the administration reps how much damage they've done to the crypto industry and to the Democrat Party with their actions against digital assets," an anonymous attendee said. "They basically just got yelled at." Harris's team has also hired prominent crypto industry alumni as advisors, including David Plouffe, a former adviser to Binance, and Gene Sperling, a former Ripple board member. Read More: Kamala Flips Trump on Polymarket As Dems Open Up To Crypto