Investors in the crypto project World Liberty Financial have approved a new rule that requires newly staked tokens to be locked for six months.
The proposal received strong support, with 99.12% of about 1,800 voters approving it.
The goal of this rule is to make sure that only people who are committed to the project for the long term take part in important decisions related to governance.
According to the proposal, users who lock their tokens will earn a 2% annual reward if they participate in at least two governance votes during the lock-up period.
Voting participation has often been low in decentralised autonomous organisations (DAOs). Many proposals only receive 15% to 25% participation from token holders. The new rule aims to increase voting activity.
The proposal also suggests that investors who stake at least 50 million WLFI tokens, worth around $5 million, could get direct access to the project’s business development team.
The project is reportedly supported by members of the family of former US President Donald Trump.
WLFI aims to build a crypto financial ecosystem around its stablecoin USD1 and other decentralised finance applications.
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