A proposal by World Liberty Financial to unlock 62 billion WLFI tokens has garnered significant support, with voting results indicating a landslide victory. The plan involves a 10% burn of holdings by founders, team members, and partners, equivalent to approximately 4.5 billion WLFI tokens, which would initiate a five-year unlocking schedule for the remaining 40.7 billion tokens following a two-year waiting period. As a result, no tokens will enter the market for at least two years due to the cliff period, introducing a predictable supply and clearer exit strategy for holders.
The proposal has secured 99.5% of the vote, underscoring the concentrated nature of voting power among large holders. Notably, the largest wallet holds nearly 13% of the votes cast, while the top four wallets collectively control around 40% of the total voting power, allowing them to significantly influence the outcome. Meanwhile, World Liberty Financial is facing a lawsuit from Tron founder Justin Sun, who claims his tokens were frozen and governance rights were revoked, allegations the company has denied.