WLFI Moves Indefinite Token Lock with 4-Year Vesting
WLFI Moves Indefinite Token Lock with 4-Year Vesting
WLFI moves indefinite token lock with a new proposal, affecting over 62 billion tokens. Early supporters will see their tokens unlocked in 4 years.
Token Unlock Proposal
World Liberty Financial (WLFI) has introduced a governance proposal to restructure token unlocks for major holder categories. The proposal covers over 62 billion WLFI tokens, with early supporters seeing their 17 billion locked tokens placed on a 2-year cliff followed by a 2-year linear vest.
Unlock Schedule
- Early supporters: 2-year cliff, 2-year linear vest
- Founders, team members, and partners: 2-year cliff, 3-year linear vest, 10% burn
WLFI Token Lock Impact
The new proposal will extend the token unlock timeline, with tokens beginning to unlock at year two and fully distributed by year four. This schedule will extend past January 2029, when Donald Trump's second term as U.S. president ends.
DeFi and Web3 Implications
The WLFI token lock proposal has significant implications for the DeFi and Web3 spaces. 45.2 billion WLFI tokens held by founders, team members, and partners will be subject to a stricter schedule, with a 10% burn of their allocation upon passage.
Key Takeaways
- WLFI introduces a new token unlock proposal
- Over 62 billion tokens affected
- Token unlock schedule extended to 4 years
- DeFi and Web3 implications significant
Frequently Asked Questions
What is the WLFI token lock proposal?
The proposal restructures token unlocks for major holder categories, covering over 62 billion WLFI tokens.
How will the token lock proposal impact DeFi and Web3?
The proposal has significant implications for the DeFi and Web3 spaces, with a stricter schedule for founders, team members, and partners.
