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WLFI Holders Back Plan to Burn All Protocol Liquidity Fees in Ongoing Vote

The move seeks to counter post-launch volatility by tying supply reduction to trading activity.

Overview

  • More than 1.3 billion votes, or 99.48%, support routing fees from WLFI-controlled pools to open‑market buybacks with immediate burns, with the vote scheduled to close on September 19.
  • Only fees from protocol-owned liquidity on Ethereum, BNB Chain, and Solana are included, leaving community and third‑party liquidity provider fees unchanged.
  • WLFI trades near $0.20 with a reported $5.4 billion market value and roughly $480 million in daily volume, about 35% below its launch price highs.
  • A prior September 2 burn of 47 million tokens did not halt the post‑listing slide following the token’s September 1 debut on major exchanges.
  • Analysts caution that concentrated holdings and upcoming token unlocks could offset the deflationary impact of the buybacks and burns.