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A governance proposal to unlock 62.2 billion $WLFI tokens, submitted by World Liberty Financial, a decentralized finance (DeFi) project linked to the Donald Trump family, was overwhelmingly approved by the community.
In the vote, “yes” votes reached 99.9% with 11.2 billion $WLFI, while “no” votes were only 11.2 million $WLFI. Thus, the proposal was approved, exceeding the required 1 billion $WLFI by approximately 11 times.
The offer, which began on April 29 and ended today, included a total of 62.28 billion $WLFI tokens in a restructured vesting scheme. Of this, 17.04 billion $WLFI consists of tokens locked by early backers, while 45.23 billion $WLFI comprises tokens belonging to the founding team, advisors, and business partners.
One of the most notable steps in the proposal is the permanent burning of 10% of the tokens belonging to the founding team, advisors, and partners. Approximately 4.52 billion $WLFI tokens are planned to be completely removed from circulation, while the remaining approximately 40.7 billion $WLFI tokens are expected to be released after a two-year lock-up period, spread over a five-year period.
World Liberty Financial management stated that while the current key mechanism was suitable for an investor structure that provided long-term management commitment in the early stages of the project, the ecosystem has now matured significantly. The statement argued that the platform now boasts products, institutional partnerships, on-chain proof-of-reserve, and a more advanced DeFi infrastructure.
Under the new plan, early supporters will fully retain their tokens and be subject to a four-year distribution schedule. However, only the founding team, advisors, and partners will be subject to token burn.
*This is not investment advice.