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Trump-Backed World Liberty Financial to Reward Users for Trading, Holding, and Staking USD1
World Liberty Financial (WLFI), a decentralized finance (DeFi) venture backed by President Donald Trump and his sons, has announced the upcoming launch of a loyalty points program for users of its flagship stablecoin, USD1.
According to WLFI’s tweet, the new rewards system will be built exclusively for USD1 and is set to kick off with selected crypto exchange partners. The initiative aims to incentivize participants in contributing to the project’s growth, much like traditional loyalty programs found in US consumer markets.
Upon launching, eligible USD1 users will have the opportunity to earn points by engaging in various activities. These include trading USD1 pairs on participating exchanges and maintaining USD1 balances, with specific rules to be announced by individual partners. Future point-earning opportunities will include staking USD1 for yield, utilizing USD1 in approved DeFi protocols, and interacting with the WLFI mobile app.
WLFI emphasizes that stablecoins play a crucial role in driving the crypto economy – facilitating trading, payments, and decentralized finance activities – yet users rarely benefit directly from their efforts. The introduction of this loyalty program aims to alter this by recognizing the contributions made by USD1 holders and traders.
The exact launch date for the rewards system has not been disclosed, but WLFI promises to provide detailed information regarding point calculations in due course.
Source: cryptobriefing.com
