WLFI Token Unlock Plan Nears Approval as Whales Dominate Vote

A governance proposal to unlock over 62 billion WLFI tokens at World Liberty Financial is nearing approval after attracting near-unanimous backing in early voting. Participation has already surpassed the required quorum, with approximately 6 billion tokens voting in favour against only a few million opposing.

The plan introduces a structured vesting approach that divides the locked supply into separate groups with distinct timelines. Founders, advisors and partners holding roughly 45 billion tokens will undergo a 10% burn before entering a two-year cliff and three-year linear distribution schedule. Meanwhile, around 17 billion tokens held by early supporters will follow a two-year lock-up followed by a shorter vesting period.

Under these terms, no new tokens will enter circulation for at least two years, delaying any immediate increase in supply. The shift replaces indefinite restrictions with a defined release schedule designed to create clearer expectations for token holders.

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Governance Concerns Emerge 

However, the voting outcome has highlighted structural concerns around governance participation. Voting power is heavily concentrated, with a small number of large holders capable of determining outcomes without broader consensus. The largest wallet alone represents nearly 13% of votes, while the top four collectively control about 40%.

This dynamic allows significant changes to pass with limited opposition, underscoring ongoing questions about decentralisation within the project.

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The post WLFI Token Unlock Plan Nears Approval as Whales Dominate Vote  appeared first on Crypto News Australia.