🚨 World Liberty Financial Scandal: Governance or Just a "Rigged" Game?
World Liberty Financial (WLFI), the high-profile project backed by the Trump family, is under fire. What was marketed as a DeFi revolution is now facing heavy accusations of manipulation following its latest governance vote.
The Breakdown:
The recent vote on the "USD1 growth proposal" has sparked outrage. According to on-chain data from Bubble Maps, the outcome wasn't decided by the community, but by wallets directly linked to the project’s team and strategic partners.
Key Community Grievances:
1️⃣ Team-Led Governance: When the quorum was reached, a significant portion of organic holders was actually voting "No." The tide turned only after team-controlled wallets stepped in. The team controls approximately 39.35% of the supply, dwarfing the 20% allocated to the public sale.
2️⃣ Locked Holders, No Voice: While the team votes on expansion, public TGE participants still have their tokens locked. They are effectively barred from voting on the one thing that matters most: token unlocks.
3️⃣ Value Extraction: Per the official Gold Paper, WLFI holders have no claim to protocol revenue. Instead, 75% of net fees go to Trump-affiliated entities and 25% to the Witkoff family. For retail holders, the economic utility of the token remains a massive question mark.
4️⃣ Whale Movements: Immediately after the vote, a 500M WLFI transfer to Jump Trading was spotted. Critics fear this signals institutional sell-side liquidity being prepared while retail investors remain locked out.
The Bottom Line: Is this "DeFi for the people," or just a sophisticated exit ramp for insiders? Critics argue the vote was a smokescreen to facilitate institutional deals while keeping the community's capital sidelined.
Is WLFI still a "buy" for you, or is the lack of revenue sharing a deal-breaker? Let’s discuss below! 👇
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