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WLFI investors to lose governance voting rights unless they stake the only 20% of tokens unlocked.

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by COINS NEWS 232 Views

WLFI investors to lose governance voting rights unless they stake the only 20% of tokens unlocked.

With the trump family involved, you could see this coming from the onset...

World Liberty Financial (WLFI), the crypto project linked to the family of US President Donald Trump, is again under scrutiny after a new governance proposal raised concerns among investors.

The project raised more than $550 million from investors with the promise that early token holders would help guide the platform’s future decisions. However, the latest governance proposal could reduce the voting power of those early investors unless they agree to lock up the only tokens they can currently sell.

The proposal targets roughly 20% of WLFI tokens that are already unlocked and tradable. Under the plan, these tokens would lose their governance voting rights unless holders stake them for at least 180 days.

In return, investors would receive a 2% annual yield paid in WLFI tokens, though the rate can be changed by the project team.

Staking requires investors to lock their tokens, meaning they cannot sell them during the staking period.

submitted by /u/Woodpecker5987
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