Frax Finance community is considering a $15 million investment in World Liberty Financial (WLFI), a decentralized finance project associated with US President Donald Trump's family.
The proposal suggests an initial $5 million investment to acquire WLFI tokens and establish a partnership, with an additional $10 million contingent on the success of the initial investment.
Proponents believe the investment would position Frax Finance within WLFI's ecosystem and leverage Trump's involvement and pro-crypto stance to onboard millions of Americans to decentralized finance.
However, critics express concerns about the financial risks and whether Frax Finance can afford such a significant commitment.