What to know : World Liberty Financial, a Trump family-backed crypto venture, has proposed unlocking 62.3 billion WLFI governance tokens that were previously locked without a vesting schedule. Under the plan, early supporters holding 17 billion WLFI would keep all their tokens, which would be subject to a two-year cliff followed by a two-year linear vesting period. Founders, team members, advisors and partners would see 10 percent of their 45.2 billion WLFI allocation burned while the remaining 40.7 billion tokens begin unlocking over five years after a two-year cliff.
The Trump family-backed World Liberty Financial has proposed unlocking 62.3 billion WLFI governance tokens on Tuesday, less than a week after CoinDesk reported the venture had used 5 billion of its own tokens as collateral on lending platform Dolomite to borrow $75 million in stablecoins.
The proposal splits the locked supply into two groups. Early supporters holding 17 billion WLFI would receive a 2-year cliff followed by a 2-year linear vest, keeping every token.
Founders, team members, advisors, and partners holding 45.2 billion WLFI would face a 2-year cliff and 3-year vest, but with 10% of their allocation, roughly 4.5 billion tokens, burned immediately on passage. (Burns refer to the permanent removal of tokens from supply, usually by sending to an address that is not controlled by anyone.)
In practice, it means insiders would surrender 4.5 billion tokens in exchange for beginning to unlock 40.7 billion that were previously locked indefinitely with no vesting schedule attached. Those tokens had no path to liquidity before this proposal.
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