WLFI to vote on delaying token unlocks, burning 10% of supply

World Liberty Financial (WLFI), a DeFi project linked to the Trump family, has initiated a governance vote to postpone the unlock schedule for tokens allocated to early contributors, founders, the team, advisors, and partners, and to permanently burn 10% of that supply. The voting period is set for seven days, requiring a quorum of one billion WLFI tokens and a majority vote to pass. In its proposal, World Liberty explained that participation in past major governance votes ranged from 2.7 billion to 11.1 billion WLFI tokens. The project noted that this level of engagement represents only about 23% of the locked supply, with the remaining 77% forming a potential sell-off overhang that has not voted on any proposals. Therefore, the project is proposing to delay the unlock for the approximately 62.282 billion WLFI affected and burn 10%. It added that tokens belonging to parties who disagree with the terms will be locked indefinitely. Previously, Justin Sun, founder of Tron (TRX), criticized the proposal, stating that it would effectively freeze the assets of opponents indefinitely.