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World Liberty Financial Opens Governance Vote on 62.28 Billion Locked WLFI Tokens

Trump-backed World Liberty Financial opened voting on a proposal covering 62.28 billion locked WLFI tokens as WLFI fell 13% to 17% and critics challenged the vesting structure and treatment of nonvoting holders.

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Fact Check
All key elements of the claim are corroborated by multiple independent sources. The Block's detailed primary report confirms: (1) the governance vote covers exactly 62.28 billion locked WLFI tokens; (2) early supporters (17.04B WLFI) face a 2-year cliff + 2-year linear vest, matching the claim's 'two-year lock and two-year linear release'; (3) insiders face a 2-year cliff + 3-year linear vest totaling 5 years, matching the claim's 'five-year unlock'; (4) the burn of 4.5B tokens (10% of 45.24B = 4.524B) is consistent with the claim's '4.52 billion token burn'. The official WLFI X post and Odaily newsflash further corroborate the vote's existence and terms. The minor rounding difference in the burn figure (4.52B vs 4.524B) is negligible and does not affect the claim's accuracy.
Summary

World Liberty Financial opened voting on a governance proposal affecting 62,282,252,205 locked WLFI tokens, with WLFI falling during the process; reports cited declines of 13% and roughly 17%, leaving the token near $0.06 and about 70% below where it first reached open markets, according to CoinGecko. The proposal would impose a two-year cliff on early investor, founder, team, and adviser tokens, followed by two years of linear vesting for early investors and three years for founders, team members, and advisers. As of Wednesday, the proposal had surpassed the 1 billion WLFI quorum and was receiving 99.95% support, with about 6 billion tokens in favor and 3.2 million against, while voting was set to continue through May 7. World Liberty Financial said the framework is intended to demonstrate long-term commitment and create a clearer picture of governance preferences, but critics including Simon Dedic and Justin Sun argued that the structure is coercive because holders who do not vote could face an indefinite lockup.

Terms & Concepts
  • Governance proposal: A formal on-chain measure that token holders can vote on to determine project rules, token mechanics, or other protocol decisions.
  • Linear vesting: A token release schedule in which locked tokens become available gradually over a defined period after any initial lockup.
  • Cliff: An initial period during which vested tokens remain fully locked before any scheduled release begins.