A proposal by World Liberty Financial to unlock 62 billion WLFI tokens has garnered overwhelming support, with voting results indicating a near-unanimous consensus. The plan involves a token burn of 10%, or approximately 4.5 billion WLFI, held by founders, team members, and partners, which will initiate the unlocking of the remaining 40.7 billion tokens over a five-year period after a two-year lockup. This development marks a significant shift in the valuation structure of WLFI, replacing indefinite lockups with a predictable supply schedule and providing a clearer exit strategy for holders. The voting results show 99.5% support for the proposal, underscoring the concentrated nature of WLFI's governance, where a small group of large holders wield substantial influence over tokenomic decisions.
Notably, the largest wallet holds nearly 13% of the voting power, while the top four wallets collectively control around 40% of the total voting power. Meanwhile, World Liberty Financial is embroiled in a lawsuit filed by Tron founder Justin Sun, who alleges that his tokens were frozen and his governance rights revoked, claims that the company has denied.