A proposal by World Liberty Financial to release 62 billion WLFI tokens is poised to pass with ease, having already secured overwhelming support in the early stages of voting, surpassing the required quorum with near-unanimous approval. The proposed plan involves key stakeholders, including founders and partners, relinquishing 10% of their token holdings, equivalent to approximately 4.5 billion WLFI, to initiate a five-year unlocking process for the remaining 40.7 billion tokens after an initial two-year lockup period. Due to the lockup period, no tokens will enter the market for at least two years, marking a significant shift in the valuation structure of WLFI by replacing indefinite lockups with a predictable supply schedule, thereby providing a clearer exit strategy for holders who previously lacked one. With 99.5% of voters supporting the proposal, it has garnered almost unanimous backing.
The voting results also shed light on the governance structure of WLFI, revealing that participation levels are consistent with those of previous proposals, suggesting that a small group of major holders can drive significant tokenomic changes with minimal opposition. Voting power is concentrated among a handful of large holders, with the largest wallet accounting for nearly 13% of the votes cast and the top four wallets collectively controlling around 40% of the total voting power, thereby holding substantial influence over the outcome. Furthermore, WLFI is currently facing a lawsuit filed by Tron founder Justin Sun, who alleges that his tokens were frozen and his governance rights were revoked, claims that the company has denied.