A proposal by World Liberty Financial to unlock 62 billion WLFI tokens is on the verge of passing, having easily surpassed the required quorum with an almost unanimous vote. The plan involves key stakeholders, 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 following a two-year waiting 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 token holders. This development has secured 99.5% voter approval, underscoring the concentrated nature of WLFI's governance structure, where a small group of large holders wield significant voting power, with the largest wallet holding nearly 13% of the votes and the top four wallets collectively controlling around 40% of the total voting power. Meanwhile, World Liberty Financial is also 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.