World Liberty Financial (WLFI) is embroiled in controversy following a governance vote on a USD1 stablecoin growth proposal. According to PANews, the community has criticized the exclusion of locked token holders from participating in the vote, which was dominated by a few associated wallets.
On-chain voting data reveals that the top nine wallets controlled approximately 59% of the voting power, with the largest single wallet contributing 18.786%. An anonymous researcher, DeFi^2, highlighted that these crucial votes in favor of the proposal came from addresses linked to the team or strategic partners, leaving many locked token holders without a voice.
Critics argue that the project should prioritize resolving the unlocking issues for investors rather than advancing proposals that could further dilute token holder rights. Project documents indicate that 75% of the protocol's net income is allocated to entities associated with the Trump family, while 25% goes to entities linked to the Witkoff family. WLFI holders do not directly share in the protocol's income.
