WLFI Holders Face New 6-Month Lockup Rule To Gain Voting Power
A $5 million staking threshold that grants select investors direct contact with World Liberty Financial’s leadership Beyond governance, WLFI has broader ambitions in the financial sector. The project applied to the Office of the Comptroller of the Currency in January for a national trust bank charter tied to its stablecoin, USD1, and is still waiting for a ruling. The stablecoin is central to WLFI’s goal of supporting decentralized finance applications and other projects aligned with preserving the US dollar’s global standing.Bank Charter Bid Still Pending
Related Reading
CEO Zach Witkoff has floated plans to expand into asset tokenization, with real estate and oil and gas among the areas being explored.
Reports also indicate the project is weighing the creation of a publicly traded company to hold its WLFI tokens.
Six governance snapshot votes have been completed so far, covering issues from making the token tradable to expanding USD1’s reach. This latest proposal marks a shift toward tightening who gets a seat at the table going forward.
Featured image from JrKripto, chart from TradingView
About Author
