WLFI Holders Approve Fee-Funded Buyback and Burn With 99.8% Support
The move channels protocol fees into open-market buys that are immediately destroyed.
Overview
- WLFI token holders passed the governance proposal with roughly 99.8% approval, authorizing a supply-reduction program.
- All fees generated by World Liberty’s protocol-owned liquidity on Ethereum, BNB Chain, and Solana will be used to purchase WLFI for permanent burning.
- The project has not provided estimates for fee generation, leaving the potential scale of buybacks unspecified.
- WLFI rose more than 6% over 24 hours to about $0.236 following the decision, building on a weekly gain above 13%.
- The Trump-backed token previously burned 47 million tokens on September 3 but still fell around 40% in its first days of trading.