WLFI Latest Token Governance Proposal "One-time Lock 62.3 Billion + Destroy 4.5 Billion"
Is this absolutely good news? I think it's hard to say
But one thing is for sure, this time there are significant restrictions on the team's chips⬇️
▍45.2 Billion tokens belong to the founders, team, and advisors: once the unlocking plan is accepted, a mandatory destruction of 10% (4.52 billion tokens) will occur. The remaining 90% will be locked for 2 years, and then linearly unlocked over the next 3 years.
▍Early supporters, around 17 billion tokens: no need for destruction, just a 2+2 release rhythm (fully unlocked in the 4th year)
Calculating this way, over 62.2 billion WLFI must be locked for at least two more years. Future selling pressure will be significantly reduced.
The project has actually done a lot of practical work in the past few months. Especially the terrifying growth rate of the USD1 stablecoin, the application for a national trust bank license is progressing, and it has become the first stablecoin to adopt Chainlink Proof of Reserves, with reserve data viewable in real-time, fully backed by US dollars and short-term US treasury assets, and a monthly audit report compliant with AICPA standards.
The financial ecosystem is also growing larger: if you want to safely choose Binance Wealth Management, the interest rates are not high, but it's available for withdrawal at any time.
For those wanting higher interest rates, you can choose some DeFi options on-chain:
➤ Morpho Vault: real-time 11.6%
👉app.morpho.org/monad/vault/0x…
➤ Dolomite Lending: real-time 9.14%
👉markets.worldlibertyfinancial.com/markets
Of course, these yields change daily, the era of high returns has passed, but USD1 overall is still relatively attractive among current stablecoins! Hope for more activities to come~
Is this absolutely good news? I think it's hard to say
But one thing is for sure, this time there are significant restrictions on the team's chips⬇️
▍45.2 Billion tokens belong to the founders, team, and advisors: once the unlocking plan is accepted, a mandatory destruction of 10% (4.52 billion tokens) will occur. The remaining 90% will be locked for 2 years, and then linearly unlocked over the next 3 years.
▍Early supporters, around 17 billion tokens: no need for destruction, just a 2+2 release rhythm (fully unlocked in the 4th year)
Calculating this way, over 62.2 billion WLFI must be locked for at least two more years. Future selling pressure will be significantly reduced.
The project has actually done a lot of practical work in the past few months. Especially the terrifying growth rate of the USD1 stablecoin, the application for a national trust bank license is progressing, and it has become the first stablecoin to adopt Chainlink Proof of Reserves, with reserve data viewable in real-time, fully backed by US dollars and short-term US treasury assets, and a monthly audit report compliant with AICPA standards.
The financial ecosystem is also growing larger: if you want to safely choose Binance Wealth Management, the interest rates are not high, but it's available for withdrawal at any time.
For those wanting higher interest rates, you can choose some DeFi options on-chain:
➤ Morpho Vault: real-time 11.6%
👉app.morpho.org/monad/vault/0x…
➤ Dolomite Lending: real-time 9.14%
👉markets.worldlibertyfinancial.com/markets
Of course, these yields change daily, the era of high returns has passed, but USD1 overall is still relatively attractive among current stablecoins! Hope for more activities to come~