A proposal by World Liberty Financial to unlock a substantial 62 billion WLFI tokens has garnered overwhelming support, with voting results indicating a near-unanimous consensus. The plan involves key stakeholders, including founders, team members, and partners, reducing their holdings by 10%, equivalent to approximately 4.5 billion WLFI tokens, to initiate a phased unlocking of the remaining 40.7 billion tokens over five years, following an initial two-year lock-up period.
This strategic move introduces a predictable supply schedule, effectively replacing indefinite lock-ups and providing a clearer exit strategy for token holders. The voting outcome, with 99.5% in favor, underscores the concentrated nature of WLFI's governance, where a small group of major holders wield significant influence over tokenomic decisions, with the largest wallet accounting for nearly 13% of the votes and the top four wallets controlling around 40% of the total voting power. Meanwhile, World Liberty Financial is also embroiled in a lawsuit with Tron founder Justin Sun, who alleges that his tokens were frozen and his governance rights revoked, claims that the company has disputed.