World Liberty Financial ($WLFI) has had its proposal to introduce a new staking management system approved with a 99.16% approval rate.
Under the new system, “unlocked” $WLFI token holders will need to stake their tokens for at least 180 days to retain their voting rights. During this period, the tokens will be locked, and investors will receive a 2% annual return in $WLFI tokens.
Additionally, participants’ voting power will be determined based on the amount staked and the remaining lock-up period.
The system also includes tiered incentives. Nodes staking more than 10 million $WLFI ($1 million) will be able to exchange 1 USD for USDT or USDC, the stablecoin of $WLFI, at a 1:1 ratio via over-the-counter (OTC) transactions.
Those who stake more than 50 million $WLFI will receive additional benefits, such as priority in partnership discussions with the team.
Staking participants will also vote on the unlocking schedule for the approximately 80% of the currently locked $WLFI supply.
However, concerns have also been raised that this structure could potentially reduce investors’ voting rights.
At this point, $WLFI investor Morten Christensen stated that he planned to vote against the proposal during the vote, saying that investors were participating in the project with a great deal of uncertainty. Christensen had previously been among those invited to an event organized by Trump for memecoin investors.
*This is not investment advice.