Decentralized finance (DeFi) platform World Liberty Financial on Wednesday posted a governance proposal that would place 62.28 billion locked WLFI tokens under new multiyear vesting schedules and introduce a potential burn for founder, team, adviser and partner allocations.
Under the proposal, early supporters’ locked tokens would face a two-year cliff followed by a two-year linear vest. Founder, team, adviser and partner allocations would face a two-year cliff followed by a three-year linear vest if those holders opt in to the new terms.
The plan also provides for a burn of up to 4.52 billion WLFI tokens, or 10% of the founder, team, adviser and partner allocation. Holders who do not accept the new vesting terms would remain locked indefinitely.
The move formalizes a phased unlock…
more
Source cointelegraph.com
Terms of use and third-party services. More here.