The Trump Family-linked World Liberty Financial is reportedly gaining strong support for a proposal that could alter voting power significantly.
Early Support Despite Backer CriticismNevertheless, the absence of a published unlock schedule remains a sticking point. “Not giving a timeline for unlocks on a project is unusual,” said Lex Sokolin of Generative Ventures. “This is one of the most important places to have transparency.”
FAQ What is the new proposal for WLFI governance? The proposal aims to remove voting rights from unlocked tokens unless staked for at least 180 days, while offering a 2% annual yield. How is the voting process going so far? As of now, nearly 99% of the votes support the proposal, with over 1.4 billion tokens participating in the voting, which closes on March 12. What are the main concerns from opponents? Critics argue that investors must relinquish their only liquid assets to have a say in unlocking their locked tokens, currently representing 80% of holdings. What potential benefits do large stakers receive? Investors staking at least 50 million WLFI tokens will gain direct access to the project’s team for partnership discussions, raising concerns about preferential treatment.
