World Liberty Financial ($WLFI) has launched a governance proposal to burn up to 4.52 billion insider tokens and lock 62.28 billion WLFI under multi-year vesting with a 2-year cliff.

The project's $USD1 stablecoin has reached a $4.2 billion market cap. Binance is currently running a $15 million WLFI rewards campaign through May 15.

The token restructuring aims to align team and early holder incentives with long-term project development.