WLFI proposal to delay token unlocks and burn 10% passes

A governance proposal from World Liberty Financial (WLFI), a DeFi project linked to the Trump family, to postpone token unlocks and burn 10% of the supply has passed with 99.9% approval, representing approximately 11.2 billion votes. The vote ran from April 30 to May 7. The measure applies to roughly 62.282 billion WLFI allocated to early contributors, founders, the team, and advisors. Tokens held by parties who do not agree to the new terms will be locked indefinitely. Under the new schedule, the tokens will begin to unlock in two years and will be fully released in the fifth year. The proposal had previously sparked centralization concerns, as the top four WLFI-holding addresses control about 40% of the total voting power. WLFI is currently trading at $0.06682, according to CoinMarketCap.