DeFi hub Wolf, under the Byrrgis umbrella, has locked over 57% of its WOLF token supply for two years in a bid to restore community trust. This strategic move comes after two incidents in late September involving its Ethereum bridge and an early token holder. Over 570 million tokens, valued at approximately $13.2 million, are secured via Streamflow, with a gradual vesting schedule post-lockup.
The leadership at Byrrgis, including the CEO and CTO, highlighted this initiative as a step towards setting new standards for transparency and accountability within the DeFi sector. The decision aims to reassure stakeholders and reinforce the platform's commitment to security and trustworthiness.
DeFi Hub Wolf Locks 57% of Tokens to Boost Trust
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