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WLFI proposes unlock plan for 62 billion tokens with long lockups and burns

WLFI proposes unlock plan for 62 billion tokens with long lockups and burns

The new proposal outlines multi-year lockups and opt-in token burn, as the Trump-linked DeFi platform responds to pressure over delayed liquidity access.

Decentralized finance (DeFi) platform World Liberty Financial on Wednesday posted a governance proposal that would place 62.28 billion locked WLFI tokens under new multiyear vesting schedules and introduce a potential burn for founder, team, adviser and partner allocations. 

Under the proposal, early supporters’ locked tokens would face a two-year cliff followed by a two-year linear vest. Founder, team, adviser and partner allocations would face a two-year cliff followed by a three-year linear vest if those holders opt in to the new terms.

The plan also provides for a burn of up to 4.52 billion WLFI tokens, or 10% of the founder, team, adviser and partner allocation. Holders who do not accept the new vesting terms would remain locked indefinitely.

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Source: Cointelegraph →