{"id":498060,"date":"2025-09-12T15:30:10","date_gmt":"2025-09-12T14:30:10","guid":{"rendered":"https:\/\/cryptoslate.com\/?p=498060"},"modified":"2025-09-12T15:30:10","modified_gmt":"2025-09-12T14:30:10","slug":"two-whale-addresses-control-56-of-wlfi-token-burn-governance-proposal","status":"publish","type":"post","link":"https:\/\/cryptoslate.com\/two-whale-addresses-control-56-of-wlfi-token-burn-governance-proposal\/","title":{"rendered":"Two whale addresses control 56% of WLFI token burn governance proposal"},"content":{"rendered":"

World Liberty Financial\u2019s<\/a> community is throwing near-unanimous support behind a new governance measure aimed at strengthening the value of its native token, WLFI.<\/p>\n

The proposal, introduced earlier this month, would direct fees collected from protocol-owned liquidity (POL) to repurchase tokens on the open market and permanently destroy them.<\/p>\n

The vote, which opened on Sept. 11, remains active until Sept. 18 but has already attracted overwhelming community approval.<\/p>\n

According to governance records<\/a>, more than 99% of votes, representing roughly 1.5 billion WLFI, have backed the measure. Fewer than 2 million tokens have been cast against it, while about 5.8 million chose to abstain.<\/p>\n

Meanwhile, an analysis of the voting pattern showed that only two whale addresses were responsible for over 56% of the “Yes” vote as of press time.<\/p>\n

\"WLFI\"
Top 5 Votes For WLFI Burning (Source: WLFI Governance)<\/figcaption><\/figure>\n

This shows that the whale WLFI holders are significantly skewing the governance vote in their favor.<\/p>\n

So, it is unsurprising that the market has yet to respond favorably to the move. Data from CryptoSlate <\/em>shows that WLFI is trading at $0.1992, down more than 35% since it launched at the beginning of this month.<\/a><\/p>\n

WLFI's burn strategy<\/h2>\n

The buyback program would apply to POL fees earned on Ethereum<\/a>, Binance Smart Chain, and Solana<\/a> liquidity pools, while funds from independent liquidity providers would be excluded.<\/p>\n

The project leaders have suggested the scope could expand over time to include other revenue channels. WLFI's Dylan said<\/a>:<\/p>\n

“This is only the first part of the deflationary mechanism. Burning tokens under a non-inflationary model is an excellent strategy. WLFI not only incorporates multiple deflationary features but also has actual profit-generating components, all of which are sustainable in the long term.”<\/p><\/blockquote>\n

Moreover, the DeFi project's supporters also say the move is designed to make WLFI scarcer by shrinking supply, an approach many blockchain projects use to reinforce long-term value.<\/p>\n

By consistently removing tokens from circulation, the plan seeks to shift more WLFI into the hands of committed holders rather than short-term speculators.<\/p>\n

To set the stage for the program, the team recently destroyed 47 million WLFI tokens<\/a> worth more than $11 million. These tokens were drawn directly from unlocked Treasury reserves and sent to designated burn addresses, marking the first major step toward the continuous burn model.<\/p>\n","protected":false},"excerpt":{"rendered":"

World Liberty Financial\u2019s community is throwing near-unanimous support behind a new governance measure aimed at strengthening the value of its native token, WLFI. The proposal, introduced earlier this month, would direct fees collected from protocol-owned liquidity (POL) to repurchase tokens on the open market and permanently destroy them. The vote, which opened on Sept. 11, […]<\/p>\n","protected":false},"author":720,"featured_media":498061,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[77419,46940,37,76736,6849],"tags":[75597,77226,79867],"post_folder":[],"acf":[],"yoast_head":"\nTwo whale addresses control 56% of WLFI token burn governance proposal<\/title>\n<meta name=\"description\" content=\"World Liberty Financial's WLFI buyback and burn proposal gains 99% community approval, but faces a tepid market response.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cryptoslate.com\/two-whale-addresses-control-56-of-wlfi-token-burn-governance-proposal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Two whale addresses control 56% of WLFI token burn governance proposal\" \/>\n<meta property=\"og:description\" content=\"World Liberty Financial's WLFI buyback and burn proposal gains 99% community approval, but faces a tepid market response.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/cryptoslate.com\/two-whale-addresses-control-56-of-wlfi-token-burn-governance-proposal\/\" \/>\n<meta property=\"og:site_name\" content=\"CryptoSlate\" \/>\n<meta property=\"article:published_time\" content=\"2025-09-12T14:30:10+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2025\/09\/wlfi-burn-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1200\" \/>\n\t<meta property=\"og:image:height\" content=\"630\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Oluwapelumi Adejumo\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:site\" content=\"@cryptoslate\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Oluwapelumi Adejumo\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\/\/cryptoslate.com\/two-whale-addresses-control-56-of-wlfi-token-burn-governance-proposal\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/cryptoslate.com\/two-whale-addresses-control-56-of-wlfi-token-burn-governance-proposal\/\"},\"author\":{\"@type\":\"Person\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#person\",\"name\":\"Oluwapelumi Adejumo\",\"url\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/\"},\"image\":{\"@type\":\"ImageObject\",\"@id\":\"https:\/\/cryptoslate.com\/author\/oluwapelumi-adejumo\/#authorimage\",\"url\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-oluwapelumi-adejumo-1-300x300.jpg\",\"contentUrl\":\"https:\/\/cryptoslate.com\/wp-content\/uploads\/2026\/10\/profile-oluwapelumi-adejumo-1-300x300.jpg\",\"caption\":\"Oluwapelumi Adejumo\"},\"jobTitle\":\"Senior Reporter\",\"description\":\"Oluwapelumi values Bitcoin's potential. 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