World Liberty Financial token WLFI is trading with modest strength after its community backed a governance plan to funnel liquidity fees into an open‑market buyback-and-burn program. The move aims to counter post‑launch weakness by reducing circulating supply and reinforcing a deflationary narrative.
According to CoinGecko data, WLFI is near $0.20, up about 0.2% in 24 hours and roughly 7.8% for the week. The token’s reported market capitalization stands at around $5.4 billion with daily volumes near $480 million. Still, WLFI remains down about 35% since launch.
The approved proposal directs 100% of fees generated by WLFI’s protocol-owned liquidity positions on Ethereum, Binance Smart Chain and Solana toward open‑market purchases of WLFI that will be permanently burned. Governance tallies show more than 1.3 billion votes in favor—about 99.48%—with turnout reaching 135% of the required quorum. The vote formally closes on September 19.
Supporters say tying burns to trading activity aligns token utility with scarcity, a dynamic proponents expect will support long‑term value. Critics note that buybacks don’t guarantee price appreciation and that markets can remain volatile, especially for recently launched tokens.
What to watch next: implementation details (how and when fees will be converted and burned), whether buybacks materially reduce circulating supply, and how major exchanges and market makers respond. Investors should weigh governance outcomes against the token’s early performance and inherent market risks.
Source: World Liberty Financial Governance. Read the original coverage for full details.