WLFI passes proposal for new staking governance system

World Liberty Financial (WLFI) has passed a proposal to introduce a new staking governance system with 99.16% approval. Under the new system, participants must stake their holdings for a minimum of 180 days, with voting power determined by the amount staked and the remaining lock-up period. Active participants will receive WLFI rewards at an annual rate of 2%. The system also includes tiered incentives. Nodes staking over 10 million WLFI ($1 million) can swap WLFI's stablecoin, USD1, for USDT or USDC at a 1:1 ratio via over-the-counter (OTC) trades. Stakers with over 50 million WLFI will receive additional benefits, such as priority in partnership discussions with the team. Staking participants will also vote on the unlocking schedule for the roughly 80% of the WLFI supply that is currently locked. However, concerns have been raised that this structure could potentially reduce the voting rights of investors.