Wed, 15 Apdefi

Le WLFI de la famille Trump commence à limiter les dégâts, mais son nouveau plan laisse les détenteurs qui refusent les nouvelles conditions bloqués indéfiniment.

Burns Brief

La nouvelle proposition de déblocage du WLFI ressemble à une mesure visant à contenir une crise, mais le plus gros problème reste de savoir qui tient réellement les rênes et comment fonctionne réellement la gouvernance. Les acteurs du marché évaluent soigneusement les implications, le résultat dépendant probablement des conditions macroéconomiques et du volume plus larges. Surveillez la réaction de $ETH $NEAR – un mouvement décisif au-dessus ou en dessous des niveaux clés confirmera la prochaine tendance.

WLFI’s new unlock proposal feels like a move to contain a crisis, but the bigger issue is still about who actually holds the reins and how governance really works. World Liberty Financial is back on its governance forum with a proposal that covers 62.28 billion locked WLFI tokens. This comes at a time when the real challenge is rebuilding trust, not just managing timelines. The plan would move 17.04 billion early supporter tokens into a two-year cliff, then a two-year linear vesting schedule, with all tokens kept intact and no burn. For founders, team members, advisors, and partners, the terms get tougher. Their 45.24 billion WLFI would move to a two-year cliff and a three-year linear vest if others approve. On top of that, up to 4.52 billion WLFI (about 10% of that insider allocation) would be burned right away. At first glance, the package is meant to show stronger alignment. Insiders would take on stricter terms than early supporters, the burn would cut down the overall supply, and the longer cliff would push back any near-term unlock pressure. These changes let WLFI present a more disciplined front after weeks of heavy scrutiny. But the bigger picture still shapes how this proposal will be read. Last year, Justin Sun’s address, holding 595 million WLFI, along with more than 270 additional blocklisted wallets , was blocklisted across the WLFI ecosystem. The proposal follows WLFI's creation of a “Super Nodes” tier , which requires roughly $5 million in locked WLFI for prioritized partnership access and stronger governance standing. Most recently, WLFI-backed borrowing on a Dolomite-linked market also used WLFI as collateral inside a structure that could leave outside suppliers exposed to bad debt under stress. This led to massive community outrage and Sun issuing demands to the WLFI team. All of this puts the new proposal in a different light. The real question now goes beyond whether WLFI can just put together a responsible-sounding vesting plan. Related Reading

Key Takeaways