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WLFI Holders Rally Behind Multi-Chain Buyback-and-Burn Plan in Ongoing Vote

The plan routes only protocol-owned liquidity fees on Ethereum, BSC, Solana into on-chain buybacks with permanent burns.

Overview

  • More than 99% of cast votes support the measure, with turnout already above quorum, and the ballot remains open until Sept. 18.
  • Under the proposal, 100% of fees from WLFI-controlled liquidity are used to buy tokens on the open market and send them to burn addresses, with manual execution and on-chain proofs.
  • Fees from partner or community liquidity providers are excluded from the mechanism despite the program’s multi-chain scope.
  • WLFI trades around $0.20 after a steep post-launch slide, and an earlier 47 million-token treasury burn did not produce a sustained rebound.
  • Governance records show two whale addresses supplied over 56% of the 'Yes' votes, and analysts warn upcoming unlocks and concentrated power could blunt deflationary effects.