World Liberty Financial
About
World Liberty Financial is a multi-product DeFi platform offering USD1, a fully-backed US dollar stablecoin, and WLFI Markets, a lending and borrowing protocol powered by Dolomite. The platform also features AgentPay SDK for AI agent payments and WLFI token for governance. It serves institutions, individuals, and DeFi participants across multiple blockchain networks including Ethereum, Binance Smart Chain, and Solana.
Where Does Yield Come From?
Yield in World Liberty Financial's system mostly happens through WLFI Markets. This is a lending and borrowing platform that uses technology from Dolomite.
Users can deposit their digital assets to earn potential rewards. These rewards can compound over time, meaning you earn rewards on your rewards. You might also receive special USD1 Points as extra incentives.
The core mechanism is borrowing against collateral. You deposit some assets as security (collateral) to borrow other assets. This lets you use your existing holdings to access more funds for various strategies.
The platform provides rewards for those who supply assets (often called liquidity providers). It also enables borrowing against your collateral for strategies that use leverage (borrowed money to aim for higher returns).
If you hold USD1—the platform's own US dollar stablecoin—you can lend it out in these markets to earn yield.
The native WLFI token may gain value because it gives holders voting rights in platform decisions (governance) and has utility within the ecosystem.
The main sources of yield are:
- The difference in interest rates between what lenders earn and what borrowers pay.
- Possible extra rewards from USD1 Points distributions, which come through the Dolomite integration.
Audits
| Audit / Date | Findings | Verdict |
|---|---|---|
Crowe LLP17-02-202628-02-2026 |
| This reserve attestation confirms adequate collateralization for USD1 stablecoin as of the measurement dates, providing assurance about asset backing but not addressing smart contract security or operational risks. |
Crowe LLP22-04-202530-04-2025 |
| This attestation confirms adequate reserve backing for USD1 stablecoin as of the measurement dates, but does not assess smart contract security or operational risks. |
Crowe LLP15-05-202531-05-2025 |
| The attestation confirms adequate fiat-backed reserves for USD1 stablecoin, providing financial assurance but offering no assessment of smart contract security or operational risks. |
Crowe LLP10-06-202530-06-2025 |
| This reserve attestation confirms USD1 stablecoin reserves sufficiently cover redeemable tokens as of both measurement dates, providing financial assurance but no assessment of code security or protocol vulnerabilities. |
Crowe LLP11-07-202531-07-2025 |
| This reserve attestation confirms adequate asset backing for the USD1 stablecoin at the examined dates, but it does not constitute a security audit of smart contract code or protocol design vulnerabilities. |
Crowe LLP13-08-202531-08-2025 |
| This reserve attestation confirms adequate collateral backing for the USD1 stablecoin but does not assess smart contract security risks, leaving code vulnerabilities outside the scope of examination. |
Crowe LLP17-09-202530-09-2025 |
| This reserve attestation report provides financial assurance that USD1 stablecoin reserves adequately back outstanding tokens as of the examination dates, but it does not constitute a security audit of smart contracts or protocol code. |
Crowe LLP07-10-202531-10-2025 |
| The attestation confirms adequate reserve backing for the USD1 stablecoin as of the examined dates, providing financial assurance but no assessment of smart contract security vulnerabilities or code quality. |
Crowe LLP18-11-202530-11-2025 |
| The attestation provides independent verification that USD1 stablecoin reserves sufficiently back outstanding tokens as of the measurement dates, offering financial transparency but no assessment of smart contract security or code vulnerabilities. |
Crowe LLP09-12-202531-12-2025 |
| This reserve attestation provides financial assurance that USD1 stablecoin is adequately backed by redemption assets, but it does not assess smart contract security or code vulnerabilities that could impact protocol safety. |
Cyfrin12-06-2023 - 14-07-2023 |
| The audit revealed no critical or high-severity vulnerabilities but identified several medium-risk issues primarily around oracle validation, admin controls, and accounting, most of which were addressed or acknowledged by the team, leaving the protocol with manageable residual risks. |
SECBIT Labs10-07-2021 - 02-08-2021 |
| The audit found no critical or high severity vulnerabilities, with all identified medium and low issues resolved through code fixes, indicating robust security posture for the Dolomite Protocol V2 implementation. |
Bramah Systems11-02-2019 - 18-02-2019 |
| The audit found no significant security concerns remaining after the dYdX team addressed the identified issues, concluding that the codebase demonstrates excellent quality with strong awareness of smart contract development best practices and comprehensive test coverage. |
Zokyo19-04-2023 |
| The audit identified one high-risk issue and several medium-to-low severity findings, all of which were resolved prior to deployment, indicating thorough remediation of identified vulnerabilities in the GLP and Isolation Mode modules. |
Guardian Audits01-11-2023 - 15-11-2023 |
| The audit identified significant security issues in Dolomite's GMX V2 module, including critical DoS and liquidation prevention vulnerabilities, all of which were resolved by the team before deployment. Guardian recommends a thorough internal review and independent security review of the protocol at a finalized frozen commit due to the number of high-severity findings. |
Cyfrin20-03-2025 - 10-04-2025 |
| The audit found a generally well-engineered codebase with strong security practices, though one high-risk vulnerability required fixing before deployment. All major issues were successfully mitigated by the Dolomite team, resulting in a secure implementation ready for production. |
Backers
World Liberty Financial LLC has received investment from DT Marks DEFI LLC, an entity affiliated with Donald J. Trump and certain family members, which owns approximately 38% of the equity interests in WLF Holdco LLC (the parent company of World Liberty Financial LLC). DT Marks SC LLC also holds an indirect economic interest through the same ownership structure.
The protocol conducted public token sales for WLFI tokens between approximately October 14, 2024 and March 14, 2025, raising $550 million total. Sale rounds included: Round 1 at $0.015 per token (20 billion tokens) and Round 2 at $0.05 per token (5 billion tokens). An additional ~8.893 billion tokens were sold to strategic investors and institutional participants.
Co-founders DT Marks, AMG, and WC Digital Fi, LLC collectively hold 30% of WLFI tokens (30 billion tokens) as part of the co-founder allocation, which is locked at launch with an unlock schedule to be determined.
There is no publicly disclosed information about venture capital rounds, specific venture funds, or additional institutional investors beyond the equity ownership by DT Marks entities and the public token sale participants.