A proposal by World Liberty Financial to release 62 billion WLFI tokens is on the verge of passing with overwhelming support. Early voting results show a significant majority, with the plan receiving almost unanimous approval.
The proposed plan involves a token burn of 10%, equivalent to approximately 4.5 billion WLFI, held by founders, team members, and partners. This burn will initiate the unlocking of the remaining 40.7 billion tokens over a five-year period, following a two-year lockup.
As a result, no tokens will enter the market for at least two years, introducing a predictable supply schedule and a clearer exit strategy for holders. The voting results reveal a near-unanimous consensus, with 99.5% of voters in favor.
However, the vote also highlights the concentrated nature of WLFI's governance structure, with a small group of large holders wielding significant influence over major decisions. The largest wallet holds nearly 13% of the voting power, while the top four wallets collectively control around 40% of the total voting power. Additionally, World Liberty Financial is facing a lawsuit from Tron founder Justin Sun, who claims his tokens were frozen and his governance rights were revoked, allegations the company has denied.