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Binance News
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WLFI Protocol Implements Permanent Token Burn Strategy
According to BlockBeats, World Liberty Financial's proposal to use all fees generated from WLFI protocol-owned liquidity (POL) for public market buybacks and permanent token destruction has been approved, with 99.84% of voters in favor.
The term 'protocol-owned liquidity' refers exclusively to fees generated from liquidity controlled by WLFI, excluding fees from community and third-party liquidity providers. Essentially, WLFI collects fees from its liquidity positions on Ethereum, BSC, and Solana chains, using these fees to repurchase WLFI tokens in the market. The repurchased tokens are then sent to a burn address, resulting in a permanent reduction in supply.
The official statement indicates that if the proposal is implemented, WLFI will use this as the foundation for a continuous buyback and burn strategy. As the ecosystem develops, there are plans to explore incorporating other protocol revenue sources into this initiative, gradually expanding the scale of WLFI buybacks and token destruction.
The term 'protocol-owned liquidity' refers exclusively to fees generated from liquidity controlled by WLFI, excluding fees from community and third-party liquidity providers. Essentially, WLFI collects fees from its liquidity positions on Ethereum, BSC, and Solana chains, using these fees to repurchase WLFI tokens in the market. The repurchased tokens are then sent to a burn address, resulting in a permanent reduction in supply.
The official statement indicates that if the proposal is implemented, WLFI will use this as the foundation for a continuous buyback and burn strategy. As the ecosystem develops, there are plans to explore incorporating other protocol revenue sources into this initiative, gradually expanding the scale of WLFI buybacks and token destruction.