More details have emerged about US presidential candidate Donald Trump's cryptocurrency project World Liberty Financial.

New details have emerged about the crypto project World Liberty Financial associated with Donald Trump. According to CoinDesk, this project is being developed based on the DeFi protocol named Dough Finance.

The project is said to be built on the decentralized finance platform Aave and the Ethereum blockchain and will be shaped around a "credit account system".

Details of this project, which was announced at the end of August and initially called 'The DeFiant Ones', have been quite limited until now. However, according to the Github codes reached by CoinDesk and later deleted, it was stated that the Trump family played an active role in this project.

It was reported that especially Donald Trump Jr., Eric Trump, and 18-year-old Barron Trump were involved in the planning stages of the project.

Although the project is inspired by Dough Finance, it has not yet been confirmed whether the official product will use Dough Finance's code base. In addition, the project team emphasized the planned issuance of WLFI, a 'non-transferable' governance token.

Interestingly, CoinDesk reported that Zachary Folkman and Chase Herro, the founders of Dough Finance, are leading the operations and strategy units at World Liberty Financial. It was also noted that Dough Finance was hit by a $1.8 million flash loan attack in July.

Members of the Trump family warned the public about potential scams related to the project and stated that official announcements would only be made through personal and professional channels. Initially skeptical of cryptocurrencies, Donald Trump is said to have embraced the industry over time and gained the support of many important figures in the crypto world.