World Liberty Financial's plan to unlock 62 billion WLFI tokens is on track to pass with overwhelming support, having surpassed the required quorum with near-unanimous backing. The proposal outlines a 5-year unlocking schedule for 40.7 billion tokens, following a 2-year cliff period, with founders, team members, and partners initially burning 10% of their holdings, equivalent to approximately 4.5 billion WLFI. This approach introduces a predictable supply schedule, replacing open-ended lockups and providing a clearer exit strategy for holders.
With 99.5% of voters in favor, the move highlights the concentrated nature of WLFI's governance, where a small group of large holders wield significant influence over tokenomic decisions. The largest wallet holds nearly 13% of the voting power, while the top four wallets combined control around 40%, allowing them to substantially impact outcomes. Meanwhile, WLFI faces a lawsuit from Tron founder Justin Sun, who claims his tokens were frozen and governance rights revoked, allegations the company has denied.