World Liberty Financial, the decentralized finance project supported by the Trump Organization, is open for sign-ups from accredited investors and people outside the U.S. as of yesterday
Reality check: Will anyone tell you what you are signing up for? No.
This tweet is all that's new, that anyone knows.
Inside the room: One rumor is that the project is a fork of the biggest money market on Ethereum and other chains, Aave.
Yesterday at Messari Mainnet, I asked Stani Kulechov, CEO of Avara, the company that launched and manages the Aave codebase, if that was true. He said it was not an Aave fork.
Details: Like most crypto projects, Aave is open source, and lots of folks have tried to compete with it by copying its code. It's never really worked.
It's one thing to fiddle with some code and post it on chain, but that doesn't get you $12 billion worth of liquidity.
