World Liberty Financial Proposes Phased Unlock for WLFI Tokens Amid Holder Concerns
- World Liberty Financial plans to propose a phased unlock schedule for WLFI tokens next week, following community feedback.
- Currently, only about 24.67% of the 100 billion WLFI token supply has been released, with 75.33% still locked.
- The proposal comes after some early buyers threatened legal action over prolonged lockups that were initially stated to last at least 12 months.
- WLFI’s treasury borrowed approximately $75 million in stablecoins using WLFI as collateral, raising concerns among token holders.
- The company raised at least $550 million from two funding rounds related to WLFI token sales.
The upcoming governance proposal aims to address liquidity concerns for early buyers of WLFI tokens amid ongoing frustrations regarding their locked status and potential legal disputes. This structured approach is intended to provide a more gradual release of tokens rather than an immediate unlock.
As it stands, the majority of WLFI tokens remain inaccessible, with only 24.67% released from the total supply, prompting significant pushback from holders seeking liquidity.(Source)
