World Liberty Financial Expands USD1 Points Program to DeFi
World Liberty Financial (WLFI) has expanded its USD1 Points Program into decentralized finance (DeFi). The program begins with integration on Dolomite, a DeFi lending platform. This move aims to boost engagement with the USD1 stablecoin. The stablecoin is backed 1:1 by reserves held with BitGo.
According to the official announcement, users can earn USD1 reward points by supplying USD1 on Dolomite. Rewards will later be available through other DeFi partners as well.
WLFI noted that how points accumulate may differ depending on each platform. More details will be shared on each partner’s website. The company describes the system as a way to promote “permissionless integration” and expand USD1’s role in decentralized apps.
The stablecoin’s reserves are mainly held in U.S. government money market funds and cash equivalents. These meet institutional custody standards.
WLFI added that program terms, including eligibility, rewards, and availability, vary by jurisdiction and may change at any time. Participants assume their own risks.
New Token Burn Program Works with DeFi Rewards
This announcement follows WLFI’s recent launch of a token buyback and burn program. Approved through community governance, it uses 100% of protocol liquidity fees to repurchase and burn WLFI tokens on Ethereum, BNB Chain, and Solana.
The combined use of the USD1 Points Program and the token burn shows WLFI’s strategy. They aim to reduce token supply while encouraging user participation with rewards.
This effort represents a move to merge loyalty programs with DeFi mechanics.
