World Liberty Financial (WLFI), a DeFi project of the Trump family, has initiated a governance vote centered on postponing the unlock schedule for WLFI tokens allocated to initial contributors, founders, teams, advisors, partners, and others, and permanently burning 10% of the supply. The voting period is 7 days, the quorum is 1 billion WLFI tokens, and the passing threshold is a simple majority. In this regard, World Liberty stated, "The WLFI tokens that participated in major governance votes conducted so far ranged from 2.7 billion to 11.1 billion. Actual governance participation accounts for only about 23% of the locked supply, while the remaining 77% represents an overhang (potential selling pressure) of tokens that have not voted on any proposal. Therefore, we propose postponing the unlock schedule for approximately 62.282 billion WLFI, which is subject to this proposal, and burning 10% of it. The tokens of those who do not agree to the terms will remain locked indefinitely." Previously, Justin Sun, founder of Tron (TRX), criticized that "WLFI's governance proposal effectively freezes the assets of opposing parties indefinitely."
