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World Liberty proposes token vesting overhaul
The Block·
World Liberty Financial, a DeFi and stablecoin project with ties to Donald Trump, has put forth a governance proposal to restructure the vesting schedules for over 62 billion WLFI tokens. This initiative aims to move tokens from indefinite lockups to structured vesting periods extending up to five years. As part of the plan, founders and partners who opt in will permanently burn 10% of their allocation, amounting to 4.5 billion tokens, and all participating early supporters will face a two-year cliff before any tokens begin to unlock.
Tags
fintech
crypto
Original Source
The Block — theblock.co