World Liberty Financial plans WLFI token buyback program

DeFi lending platform World Liberty Financial announced plans to pursue a WLFI token buyback program to strengthen its ecosystem and governance. The company said it plans to begin buybacks with an initial funding allocation and then evaluate the program. Funding sources could include fees generated from USD1 reserves and other sources. The goal is to encourage active participation in WLFI governance and concentrate voting power among holders with a strong long-term commitment. World Liberty Financial said it intends to run the buyback as an ongoing part of its long-term strategy, with the pace and size adjusted based on its impact on ecosystem growth and governance participation.