WLFI unveils 62B token vesting plan with 10% insider burn
6.6 Investments WLFI introduces a 62B token vesting plan with a 10% insider burn, stricter lockups, and new release schedules to address governance and supply issues. Early supporters and insiders face different vesting terms.
World Liberty Financial (WLFI) has unveiled a major governance proposal affecting over 62 billion tokens. The plan aims to resolve issues such as indefinite lockups, supply overhang, and governance inactivity. The proposal divides token holders into two groups. Early supporters, holding 17.04 billion tokens, will face a two-year lockup followed by a two-year linear release. Founders, team members, advisors, and partners, who control 45.24 billion tokens, will be subject to a stricter two-year cliff and a three-year vesting period. A key feature is a 10% token burn for insiders who accept the new terms, potentially removing up to 4.52 billion tokens from circulation. Those who reject the new vesting structure will have their tokens locked indefinitely. The proposal seeks to boost active participation, align governance power with committed holders, and enhance transparency. Following the announcement, WLFI’s price rose by about 7%, reflecting market optimism.
