Trump family-backed World Liberty Financial (WLFI) has introduced a new proposal including a staking system and USD1 stablecoin incentives to increase governance participation. According to the proposal published on Wednesday, a minimum of 180 days stake will be required for votes; long-term holders will be prioritized. Stakers will earn 2% APR annually when they participate in two votes during lock-up. Governance power will be calculated based on stake amount and remaining duration.
Source: World Liberty Financial
For USD1, there are Dolomite protocol incentives on the WLFI detailed analysis platform. “Nodes” owners with 10M+ WLFI and 50M+ “Super Nodes” will be able to convert USDC/USDT to USD1 1:1 and access fiat withdrawals. 1B token participation and majority are needed for approval; there are 27B+ WLFI in circulation. In three phases: staking rewards, USD1 incentives, conversion accesses.
World Liberty Financial is offering incentives for token holders to stake and participate in governance decisions. Source: World Liberty Financial
WLFI USD1 Attack and Price Decline
The coordinated USD1 attack announced on WLFI X this morning dropped the peg to 0.9924$ in the last hour. Stablecoin market 309B$+; USDT 183B$, USDC 75B$, USD1 4.7B$ ranking 5th. WLFI price 0.11$, 24h -0.35%, RSI 44.87, downtrend.
Critical Support and Resistance Levels for WLFI
- Supports: S1 0.1109$ (⭐ STRONG, -2.63%), S2 0.0961$ (⭐ STRONG, -15.63%)
- Resistances: R1 0.1164$ (⭐ STRONG, +2.19%), R2 0.1435$ (⭐ STRONG, +25.99%)
- EMA20: 0.1163$, Supertrend: Bearish
Check WLFI futures for more. Monitor movements related to SUPER.
Frequently Asked Questions About WLFI
How to Earn WLFI Staking Rewards?
180 days stake + 2 votes for 2% APR.
How Does the USD1 Attack Affect WLFI?
The coordinated attack dropped the peg to 0.9924$, increased volatility expected.
When Will the WLFI Proposal Be Implemented?
Upon approval in three phases: staking, USD1 incentives, Nodes access.
Source: https://en.coinotag.com/wlfi-staking-and-usd1-incentives-proposal
