World Liberty Financial votes on $3.7B WLFI token unlock

A governance vote is underway at World Liberty Financial (WLFI), a DeFi project linked to the Trump family, to unlock 62 billion WLFI tokens worth $3.7 billion. The proposal currently has 99.5% approval. If passed, the tokens are scheduled to be released gradually over a period starting in two years and ending in approximately four years. The vote is running from April 30 to May 7. However, the project faces ongoing centralization concerns, as the top four WLFI-holding addresses control about 40% of the total voting power. Amid the controversy, the price of WLFI briefly dipped below $0.06. It is currently trading at around $0.0606.