Trump-linked WLFI passes proposal letting $5 million stakers buy 'direct access' to team
Summary
World Liberty Financial (WLFI), a decentralized finance protocol associated with the family of Donald Trump, has passed a governance proposal that establishes a tiered staking system granting 'direct access' to the team for those staking $5 million worth of WLFI tokens. The proposal, approved with 99.12% of the vote, introduces Base, Node, and Super Node tiers with increasing staking requirements and benefits. The Super Node tier, requiring 50 million WLFI (approximately $5 million), offers “guaranteed direct access” for partnership discussions. While a spokesperson clarified this access is to the business development team and doesn't guarantee partnerships, the proposal aims to prioritize projects genuinely invested in the WLFI ecosystem. The move is also intended to redirect value from market makers to long-term stakeholders, as WLFI previously incurred costs from arbitrage and redemption subsidies during its USD1 stablecoin expansion. WLFI is also pursuing a national trust bank charter and exploring tokenization of assets.
(Source:CoinDesk)