WLFI Faces Backlash After 'Team Wallets' Dominate USD1 Growth Proposal Vote

World Liberty Financial (WLFI) is under fire because a governance vote passed a USD1 growth proposal, heavily influenced by wallets linked to the team and strategic partners. Onchain data revealed that the top nine wallets cast roughly 59% of the total voting power, effectively controlling the outcome, while many locked WLFI holders were unable to vote. Critics argue the focus on the growth proposal is self-serving, as the project's Gold Paper allocates 75% of net income to entities linked to the Trump family and 25% to Witkoff family entities, with no protocol revenue going to WLFI holders. Tokenholders feel the proposal further dilutes investors without offering direct benefits, especially since the company holds significant assets like BTC, ETH, and LINK that could be used instead of dilution.

(Source：Cointelegraph)