World Liberty Financial introduces six-month token lock for DAO voting
The crypto project World Liberty Financial (WLFI) has adopted a new governance rule requiring token holders to lock their assets for about six months if they want to participate in DAO voting.
The proposal passed with 99.12% of votes in favor in a Snapshot vote. Around 1,800 votes were cast, while more than 76% of tokens were controlled by ten users, according to a statement on the project’s website.
The new rule aims to ensure that decisions are made by participants who are interested in the long-term development of the protocol. WLFI stated that the mechanism is designed to strengthen accountability among governance participants. Locked tokens will allow holders to vote on future protocol proposals.
Stakers are offered yield for participation in voting
Under the new model, users will be able to earn about 2% annual yield on locked WLFI tokens. However, to receive this reward, participants must vote on at least two DAO proposals during the lockup period. Users who locked their tokens earlier will not be affected by the new rules.
They will continue to vote without additional conditions. Low participation in DAO governance remains a widespread issue across the industry. According to various estimates, the average voter turnout in DAO governance ranges from only 15% to 25% of token holders.
Large stakers will gain direct access to the project team
The proposal also introduces additional opportunities for large participants. Users who stake 50 million WLFI tokens will gain the ability to interact directly with the project team. Based on current estimates, such an amount of tokens is worth about $5 million.
The project document states that large holders will be able to discuss collaboration ideas with the WLFI team. Project representative David Waxman told Reuters that this refers to access to the business team and management. However, such access does not guarantee partnerships.
The project is building an ecosystem around the USD1 stablecoin
World Liberty Financial is developing a financial ecosystem around its own stablecoin, USD1. According to the WLFI Gold Paper, the project plans to support DeFi applications and solutions that help maintain the role of the dollar in the global financial system. In January, the company filed an application with the Office of the Comptroller of the Currency for a national trust bank license.
This status would allow broader use of USD1 in financial services. The project is also exploring asset tokenization, including real estate and commodity resources. Among the initiatives under discussion is the creation of a public company that would hold WLFI tokens and manage them at an institutional level.
Recently we wrote that investors in the crypto project World Liberty Financial, co-founded by U.S. President Donald Trump and members of his family, may obtain a special status within the project if they lock $5 million worth of tokens for six months.
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