WLFI token buyback targets long-term holders
6.7 Investments World Liberty Financial launches a WLFI token buyback, potentially funded by USD1 stablecoin reserves, to boost governance and reward long-term holders after a significant price drop.
World Liberty Financial has announced a buyback program for its WLFI governance token. Initial funding may come from income generated by reserves backing its USD1 stablecoin, as well as other sources. However, the company has not specified the total amount or the exact funding breakdown for the buyback initiative. This program is positioned as a long-term, ongoing strategy designed to encourage active governance participation and increase the voting power of committed, long-term holders. It is not intended as a short-term market intervention. The buyback follows a decline of about 10% in WLFI's value since the recent US midterm elections and over 60% year to date. The initiative aims to reward loyal holders by enhancing their influence in governance decisions. No further details about the allocation or the number of tokens to be repurchased have been disclosed.
