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.