A proposal by World Liberty Financial to unlock a massive 62 billion WLFI tokens has garnered widespread support, with the majority of votes already surpassing the required quorum and showing near-unanimous approval. The proposed plan involves insiders, including founders, team members, and partners, relinquishing 10% of their token holdings, equivalent to approximately 4.5 billion WLFI, to initiate the unlocking of the remaining 40.7 billion tokens over a five-year period, following a two-year waiting period. Due to the cliff 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 in favor, the proposal has received overwhelming support. 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 predominantly concentrated among a handful of major 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.