Overview
- World Liberty Financial, which posted the plan Wednesday, is asking holders to shift 62.3 billion locked WLFI into multi‑year vesting while burning about 4.5 billion insider tokens on approval.
- Early supporters with 17 billion WLFI would face a two‑year cliff then a two‑year release with no burn, while insiders with 45.2 billion would take a two‑year cliff plus a three‑year release and must opt in or stay locked.
- The proposal sets a seven‑day vote with a 1 billion WLFI quorum and a simple majority, a test for a system where past votes drew 2.7–11.1 billion tokens and power clustered in a few wallets.
- Justin Sun, claiming his roughly 4% stake is frozen by a blacklist, denounced the plan as coercive, while WLFI called his allegations baseless and threatened legal action.
- On‑chain data shows WLFI‑linked wallets used 3–5 billion WLFI as collateral on Dolomite to borrow about $75 million, driving pool use near 93% and leaving some depositors unable to withdraw as the token trades near $0.08.