A proposal by World Liberty Financial to release 62 billion WLFI tokens is on track to pass with overwhelming support, having already surpassed the required quorum with nearly unanimous backing. The proposed plan involves insiders, including founders, team members, and partners, relinquishing 10% of their token holdings, approximately 4.5 billion WLFI, to initiate a five-year unlocking schedule for the remaining 40.7 billion tokens after a two-year holding period. No tokens will be released into the market for at least two years due to the cliff period, marking a significant shift in WLFI's valuation structure by replacing indefinite lockups with a predictable supply schedule and providing a clearer exit strategy for holders. The proposal has received 99.5% approval, underscoring the concentrated nature of WLFI's governance structure.
Voting participation is consistent with previous proposals, indicating that a small group of major holders can drive significant tokenomic changes with minimal opposition. The largest wallet holds nearly 13% of the votes cast, while the top four wallets collectively control around 40% of the total voting power, giving them substantial influence over the outcome. Additionally, World Liberty Financial is facing a lawsuit from Tron founder Justin Sun, who claims that his tokens were frozen and his governance rights were revoked, allegations that the company has denied.