World Liberty Financial Token Stable After Buyback-and-Burn Plan Approval

World Liberty Financial's token (WLFI) remains stable as its community approves a buyback-and-burn mechanism for liquidity fees.
WLFI is trading at approximately $0.20, reflecting a 0.2% increase over the past day and a 7.8% rise this week. The market cap stands at $5.4 billion with daily trading volumes of around $480 million.
The token has decreased by 35% since its launch.
A proposal was introduced to allocate 100% of WLFI’s liquidity fees on Ethereum, Binance Smart Chain, and Solana toward buying back and burning WLFI tokens, aiming to reduce supply and support a deflationary model.
The proposal received overwhelming support, with 99.48% of votes in favor and just 0.12% against, surpassing the required quorum by 135%. The voting concludes on September 19.
This strategy aims to align token usage with long-term value, similar to the approach taken by Ethereum.