WLFI proposes 4.52B burn, extends vesting for 62B locked tokens
WLFI puts a 4.52B token burn to a vote, tied to a new unlock plan for insiders. Burn triggers immediately if passed.
The proposal moves 62.28B locked WLFI into longer vesting schedules. Early supporters get a 2-year cliff, then 2 years linear. Founders, team, advisers, partners face a 2-year cliff plus 3 years linear if they opt in. Source: governance proposal, WLFI tweet.
Every opting insider cohort takes a 10% burn on its locked allocation. WLFI states up to 4,523,858,565 tokens would be destroyed if all opt in. Burn executes as soon as the vote clears. Holders who don’t accept the new terms stay locked. Early supporters keep their full allocation; unlocking starts in year 2. Sources: WLFI tweet, governance proposal, FXStreet coverage.
WLFI frames this as a supply reset. The team says the plan replaces open-ended uncertainty with fixed timelines and separates cohorts by stricter terms for insiders. Source: governance proposal.
Governance is stretched. Six proposals have already passed, with turnout between 2.7B and 11.1B WLFI. Active voting equals about 23% of the affected locked supply. Source: governance portal.
Tensions are high. Some buyers pushed for liquidity and threatened legal action. Justin Sun criticized transparency and voter concentration. WLFI reportedly threatened to sue him. Sources: Bitcoinist report, Justin Sun’s statement.
Headline: WLFI puts 4.52B-token burn and stricter insider vesting to a vote