World Liberty Financial (WLFI) token holders have recently approved a governance proposal to make the WLFI token tradable, marking a significant milestone for the project. The approval allows the project to enable transfers and provide access to a secondary market for the token.
The voting process saw overwhelming support from token holders, with 11.1 billion tokens casting affirmative ballots, equivalent to 99.94% of the total vote. The proposal, titled “Make $WLFI Token Tradable,” was posted on the World Liberty Financial governance forum on July 4, with on-chain voting opening on July 9.
The proposal outlines the activation of transferability for the WLFI token, allowing holders to engage in peer-to-peer transfers and list the token on secondary platforms. This shift from a closed model to one of open participation is a key step in the project’s development.
Additionally, the proposal includes staged unlocks for early supporter allocations, with founder, team, and adviser allocations remaining locked under a longer schedule that will require a later community vote. The specifics of timing and eligibility criteria for these unlocks will be detailed in a separate implementation update.
World Liberty Financial is a decentralized finance and digital wealth platform that is backed by President Donald Trump and his family. The platform connects traditional financial services with on-chain products, including the WLFI governance token and the USD-pegged stablecoin, USD1. The project aims to maintain the dollar as the global settlement layer through US-pegged stablecoins.
Following the approval of the governance proposal, the World Liberty Financial team will proceed with implementing transfer functionality, initiating eligible early supporter unlocks, and scheduling a second vote to govern the release schedule for locked allocations. Governance participants will play a larger role in determining emission parameters, incentive programs, and treasury actions as the project transitions to a permissionless circulation model.
Project documentation indicates that the implementation of these changes will occur within a reasonable timeframe following the passage of the proposal. Overall, the approval of the governance proposal represents a significant step forward for World Liberty Financial and its community of token holders.