A proposal by World Liberty Financial to unlock 62 billion WLFI tokens has garnered overwhelming support, with voting results indicating a near-unanimous decision. The plan involves burning 10% of founders', team members', and partners' holdings, equivalent to approximately 4.5 billion WLFI tokens, to initiate a five-year unlocking schedule for the remaining 40.7 billion tokens following a two-year lockup period.
As a result, no tokens will be released into the market for at least two years, introducing a predictable supply schedule and a clearer exit strategy for holders. With 99.5% of voters in favor, the outcome 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 collectively control around 40% of the total voting power, allowing them to substantially impact the outcome. Meanwhile, World Liberty Financial is facing a lawsuit from Tron founder Justin Sun, who claims his tokens were frozen and his governance rights were revoked, allegations that the company has denied.