WLFI Token Could Soon Be Tradable—Early Supporters Set for Partial Unlock

CN
19 hours ago

World Liberty Financial, the decentralized finance (DeFi) company associated with the Trump family, has officially floated a proposal to make its WLFI token tradable. The DeFi company asserts that such a move, if approved, would “open the door for broader community participation, access and protocol development.”

In a proposal submitted on July 4, the WLFI team outlined the objectives that prompted the decision, including the need to transition the “WLFI ecosystem from closed to open participation.” Approval of the proposal would make the token transferable, thus enabling broader community access to governance participation either via peer-to-peer transactions or secondary markets.

The team also said that making WLFI tradable would kickstart the next phase of community ownership and engagement. According to the proposal, a portion of locked WLFI tokens sold to early supporters will be unlocked upon the launch of tradability. The timing for the release of the remaining locked tokens will be determined by a community vote. This, however, will not apply to WLFI tokens held by founders, the team and advisors.

“Founders, team and advisor tokens will not be unlocked initially and will be subject to a longer unlock schedule than early supporters to demonstrate long-term commitment and alignment with the success of the protocol. Timing and any eligibility requirements for unlock to be determined subsequently,” explained the WLFI team.

Launched in September 2024, the DeFi company has garnered attention due to its association with Eric Trump and Donald Trump Jr., sons of U.S. President Donald Trump. However, these ties to the Trump family have sparked conflict-of-interest concerns and prompted investigations into alleged secret payments and currency swaps with foreign entities.

Meanwhile, the WLFI team said it floated the proposal now because many community members felt it was time to make the token tradable. If the proposal is approved, World Liberty Financial’s governance framework will enable more token holders to participate directly in protocol decisions.

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