WLFI has unveiled a governance proposal to lock up 62.2 billion tokens for two years, with a 10% burn for certain participants. The proposal outlines that 45.2 billion tokens held by advisors, institutions, partners, founders, and team members will undergo a "2-year lock-up period + 3-year linear vesting" schedule. Participants opting into this plan must burn 10% of their tokens, potentially leading to a permanent burn of 4.5 billion tokens.
Additionally, 17 billion tokens held by early supporters will follow a "2-year lock-up period + 2-year linear vesting" schedule without a burn requirement. Tokens not accepting the proposal will remain locked indefinitely. WLFI emphasizes this initiative as a significant step towards long-term governance alignment in the DeFi sector.
WLFI Proposes 62.2 Billion Token Lockup with 10% Burn
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