A proposal by World Liberty Financial to unlock a substantial 62 billion WLFI tokens has garnered overwhelming support, with voting results showing a quorum exceeded and near-unanimous backing. The plan involves a 10% reduction of holdings by founders, team members, and partners, equivalent to approximately 4.5 billion WLFI tokens, which would initiate the unlocking of the remaining 40.7 billion tokens over a five-year period following a two-year lockup.
This strategic move introduces a predictable supply schedule and provides a clearer exit strategy for token holders, who previously lacked one. The voting outcome, with 99.5% in favor, underscores the centralized nature of WLFI's governance, where a small group of major holders wield significant influence over tokenomic decisions. Notably, the largest wallet holds nearly 13% of the voting power, while the top four wallets collectively control around 40%, sufficient to shape outcomes independently.
Meanwhile, World Liberty Financial faces a lawsuit from Justin Sun, founder of Tron, who claims his tokens were frozen and governance rights revoked, allegations the company denies.