WLFI Buyback and Burn Proposal Receives Near-Unanimous Support, Could Take Effect as Early as Friday
TradingKey – The WLFI buyback and burn proposal has broad community backing, though price action remains muted.
On Monday, September 15, World Liberty Financial’s proposal to repurchase WLFI tokens from the open market and permanently burn them received overwhelming support from the community. According to the latest voting data, support stands at 99.81%, with 0.12% abstaining and just 0.07% voting against.
Voting is still underway and will conclude early Friday morning, September 19. Despite the near-unanimous approval, WLFI’s token price has shown little reaction, hovering around $0.20. Over the past 24 hours, WLFI fell more than 2%, currently trading at $0.21.
WLFI Price Chart – Source: TradingView
It’s important to note that the proposal applies only to fees generated from WLFI protocol-owned liquidity (POL), excluding those from third-party or community-provided liquidity pools. This means the total amount eligible for buyback may be relatively limited.
As of now, the team has not disclosed how much revenue has been generated from protocol-owned liquidity, which has contributed to the market’s lukewarm response. Investors may want to monitor this metric closely, as it will determine the scale of WLFI token burns and could influence future price movements.
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