World Liberty Anticipates WLFI Token Transferability in 6-8 Weeks, Propelling It to the 11th Largest Market Cap

Date:

World Liberty Financial, a DeFi enterprise with ties to former President Donald Trump, aims to initiate official trading for its WLFI token within the next two months. This recent proclamation follows a governance vote that authorized WLFI token transferability earlier in the week.

“Victory for the community! $WLFI tradability gets the green light,” the team posted on platform X. “Our target is a 6–8 week timeline for the full unveiling — strategic partnerships (alliances, grand platforms, intelligent unlocks) require time to achieve their maximum potential. Exciting developments are on the horizon for everyone…”

The team further justified the wait, stating, “We’re negotiating significant deals that could redefine $WLFI’s trajectory, gearing up for high-profile listings on major platforms, and devising equitable unlock schedules. This isn’t a pause — it’s the creation of a legend.”

The decision regarding World Liberty’s token governance was finalized on Wednesday, garnering an overwhelming 99.94% approval from the voting power after a week of voting. At present, WLFI tokens possess no economic rights over the protocol, which is anticipated to be a white label derivative of Aave and is still under construction.

The process of unlocking the tokens, which were initially non-transferable, will pave the way for speculation and price discovery. According to Thaddeus Pinakiewicz, a researcher at Galaxy, WLFI currently trades at around $0.16 in pre-market trading. At pre-market prices, WLFI has a fully diluted market cap of $16 billion. In comparison, Aave has a $5.1 billion diluted market cap.

World Liberty managed to raise roughly $550 million by selling approximately 25 billion tokens, accounting for a quarter of the total 100 billion supply. The remaining tokens will be subjected to a second community vote to determine the unlock and release schedule.

The team has also mentioned that the protocol founders, team, and advisor tokens “will adhere to a longer unlock schedule” and they intend to distribute “a portion” of the tokens to “early backers.” DT Marks DEFI LLC, a Trump-associated firm, is projected to receive 22.5 billion WLFI tokens, as per a disclosure statement in October.

Based on current prices, DT Marks’s WLFI allocation would amount to $3.6 billion. However, the firm only possessed 15.75 billion WLFI tokens at the end of the previous year, according to a public financial disclosure report released last month. The crypto ties of Trump have raised eyebrows among several lawmakers, including Sen. Elizabeth Warren.

In addition to the decentralized lending protocol, World Liberty also manages the USD1 stablecoin. The team has proposed airdropping USD1 tokens to “early” WLFI holders, although no official plans have been declared yet.

Disclaimer: The Block is a standalone media outlet delivering news, research, and data. Foresight Ventures, a major investor in The Block as of November 2023, also invests in other crypto firms. Crypto exchange Bitget is an anchor LP for Foresight Ventures. The Block continues to operate independently to provide objective, impactful, and timely information about the crypto industry. This article is for informational purposes only and is not intended as legal, tax, investment, financial, or other advice.

LEAVE A REPLY

Please enter your comment!
Please enter your name here


Share post:

Subscribe

Popular

More like this
Related

Bitcoin MVRV Ratio: 5 Amazing Insights on Market Cycle Top Warning

Bitcoin MVRV Ratio is currently flashing warning signals that...

Bitcoin MVRV: 7 Amazing Insights on Market Cycle Warning

Bitcoin MVRV is flashing caution signals as analysts suggest...

Bitcoin MVRV Ratio: 5 Amazing Strategies for Powerful Market Cycle Warning

Bitcoin MVRV Ratio has become an essential tool for...

Bitcoin MVRV Ratio Warning: 5 Powerful Insights on Cycle Top Risks

Bitcoin MVRV Ratio is attracting significant attention as analysts...