Last weekend, the proposal dispute between World Liberty Financial (WLFI) and Aave attracted market attention, as both parties fell into a dilemma over the "7% share." A week later, WLFI is set to welcome its token's first claim and trading on September 1. So, what exactly is the governance model of this crypto project backed by the Trump family? Below, Odaily will guide you through 20 official questions and answers to gain a deeper understanding:
General Governance Questions
1. How to participate in WLF protocol governance?
The sole purpose of WLFI is to participate in the governance of World Liberty Financial (referred to as the "WLF Protocol"). Therefore, the community is encouraged to actively participate in proposals, discussions, and voting regarding WLF protocol governance. If you do not intend to participate, please do not purchase this token.
Proposal Questions
2. How to participate in discussions of potential proposals?
Proposals will be discussed on the “forum”. Community members must first register an account to participate in the forum. It is important to note that the forum is not limited to WLFI token holders; anyone with an account can participate. While the forum serves as a place to discuss potential WLF protocol governance initiatives and conduct "temperature checks" before voting, actual token voting will not take place in the forum, and any actions taken there will not determine voting outcomes. Some discussions in the forum may be purely social in nature.
3. How to submit a formal voting proposal?
Formal proposals are submitted through Snapshot. Any user who owns and holds votable WLFI tokens can create a proposal. World Liberty Financial will screen proposals before the Snapshot voting begins and reserves the right to reject any proposal if its implementation would constitute or create unreasonable risks of violating legal requirements (including contractual obligations) or security risks, as defined by the WLF bylaws. These decisions are made solely by World Liberty Financial and are final.
4. What happens after a proposal is submitted?
Once a proposal is submitted, it will enter the community review phase. During this period, all WLFI holders can review the proposal, provide feedback, and discuss its implementation. There is no minimum discussion time, but the voting period for specific proposals is typically two weeks, and World Liberty Financial may adjust this based on specific circumstances.
5. How to prevent spam proposals?
World Liberty Financial will screen proposals and may reject any that it deems to be spam. Ultimately, additional screening measures may be created through the governance process to allow users to submit proposals directly.
Voting Questions
6. How to vote?
Once a proposal is approved for voting, a "snapshot" of the token holders will be taken. Token holders are eligible to vote. In most cases, proposals will use a single-choice voting method, i.e., for or against, but in certain cases (e.g., if a proposal may have more than two outcomes), ranked-choice voting may apply.
To participate in Snapshot voting, you must hold WLFI tokens and store them in a way that allows you to connect your wallet or similar application to Snapshot. Snapshot voting allows off-chain voting (to avoid gas fees for voters), and the voting results will be stored on-chain and verifiable.
7. How to know if a proposal is open for voting?
Proposals are typically announced on the Snapshot forum, and formal proposals can be submitted and viewed in the snapshot, but you must register on the forum to receive information about voting proposals.
8. How long is the voting open?
The voting period for proposals is usually two weeks, but World Liberty Financial may change this in certain cases.
9. Is there a limit on the number of tokens that can participate in voting?
Yes. In addition to limiting each token holder's vote to 5,000,000,000 tokens (i.e., 5% of the total supply), any treasury tokens (i.e., tokens owned by World Liberty Financial) cannot be used for voting.
10. Can WLFI tokens be transferred?
At this stage, WLFI is non-transferable or resalable. WLFI holders approved a proposal in July 2025 to allow the transfer of WLFI tokens, and it is expected that WLFI will unlock a portion of the WLFI tokens sold to early purchasers according to the unlocking schedule. The remaining WLFI tokens sold to early supporters will be subject to a second vote by the community to determine the unlocking and release schedule. The unlocking schedule for founders, advisors, and others is expected to remain non-transferable and must comply with a longer unlocking schedule in any case. World Liberty Financial reserves the right to determine the timing and eligibility requirements for unlocking WLFI tokens.
11. What happens if I do not participate in voting?
If you do not participate in discussions, proposals, and voting, you will not be able to utilize the functions of WLFI tokens and will miss the opportunity to help shape the future of the WLF protocol and participate in the WLFI community.
12. What is the approval threshold for voting?
A proposal requires an initial minimum quorum of 1,000,000,000 WLFI tokens to pass, and a majority of WLFI token votes must be in favor for it to be approved. These thresholds may be adjusted as the governance process progresses.
13. What if a token holder holds more than 5,000,000,000 WLFI tokens?
World Liberty Financial aims to embody distributed governance, thus deciding to limit the voting rights of individual token holders. Wallets holding more than 5% of the total token supply (i.e., 5,000,000,000 tokens or more) will have their voting rights capped at 5,000,000,000 tokens. Additionally, if it is found that someone holds more than 5,000,000,000 WLFI tokens across multiple wallets or addresses, measures will be taken to ensure that person's voting rights are capped at 5,000,000,000 tokens, regardless of how many addresses or wallets they use to control their total WLFI tokens, and early contributors and service providers holding more than 5% of the tokens have disclosed their ownership and affiliation status.
14. What is the difference between total token supply, unissued token supply, and votable token supply?
Total token supply refers to the total amount of tokens ever issued, fixed at 10 billion.
Unissued token supply refers to the total token supply minus the number of tokens held by WLF, including tokens sold to purchasers in token sales and grants provided to advisors, service providers, directors, executives, and employees. Votable token supply refers to the unissued token supply minus the number of tokens held by known individuals and their affiliates who hold more than a certain number of WLFI tokens.
For example, if a holder has 7,000,000,000 WLFI tokens, that holder can only vote with 5,000,000,000 WLFI tokens, and the total votable token supply will decrease by 2,000,000,000 WLFI tokens. Since the votable token supply is variable, it will ultimately depend on the number of WLFI tokens sold or issued, so WLF reserves the right to adjust the token voting program limits to 5% of the actual votable token supply at any time.
15. How to vote if holding tokens through a third-party custodian?
You should contact the third-party custodian to understand their voting policies and procedures.
Proposal Implementation Questions
16. How are approved proposals implemented?
Once a proposal is approved on Snapshot, if that approval (or rejection) requires on-chain platform operations, the relevant multi-signers should execute that operation, which should be completed within a reasonable time after the proposal passes. Certain upgrade proposals may require extensive audits and other security verifications to be safely implemented within the platform, so the implementation time for approved proposals should be reasonably determined by the relevant multi-signers.
17. Under what circumstances will approved WLFI governance proposals not be executed?
World Liberty Financial reserves the right to reject any proposed or approved proposal if its implementation would constitute or create unreasonable risks of violating laws (including any contractual obligations) or create security risks. These decisions are made solely by World Liberty Financial and are final.
Other Questions
18. Will the WLF Protocol governance platform be upgraded?
Currently, there are no upgrade plans. The WLF protocol governance platform may upgrade its voting procedures programmatically to automatically execute certain proposals or types of proposals, but it should be assumed that no upgrades will occur in the future. Additionally, all parameters currently listed are only the initial parameters of the platform and may change during the voting process, but such changes should not cause WLF to violate any laws or contractual obligations.
19. Can WLF protocol governance be suspended in the event of significant security risks or other threats?
The WLF protocol or any related protocol may encounter "significant adverse events," which are events that cause the WLF protocol or any related protocol to be unable to operate in the expected manner for an extended period; or "security risks," which are events that cause the WLF protocol to stop operating or jeopardize the safe use of the WLF protocol by users. During significant adverse events or security risks, governance control of the WLF protocol will be fully exercised by multi-signers until the governance operation of the WLF protocol returns to normal. Additionally, the "security multi-signers" responsible for WLF protocol governance, WLF protocol updates, significant adverse events, and security risks may be approved by token holders and WLF, and this security multi-signer has the authority to respond to such matters.
20. Is World Liberty Financial a decentralized autonomous organization (DAO)?
World Liberty Financial is a non-stock corporation in Delaware that manages the WLF protocol, which allows token holders to vote on certain WLF protocol governance decisions. The WLF protocol is not a decentralized autonomous organization (DAO) or any type of organization but is managed and controlled by one or more multi-signers, with the number of "signers" and specific signers determined by World Liberty Financial. While WLF protocol governance may be affected by changes triggered by proposals approved by voting token holders, World Liberty Financial is not bound by any such proposals or votes. WLFI token holders do not have any obligations to each other or to World Liberty Financial. The relevant bylaws state that if the WLFI token holder community approves, certain WLF protocol governance proposals will be implemented.
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