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- World Liberty lockup đź”’
World Liberty lockup đź”’
Early investors in the Trump-linked DeFi venture have been left fuming after a proposal to lock up tokens on a vesting schedule that would outlast the president's second term.
📝 What you need to know
Early supporters of Trump-backed DeFi venture World Liberty Financial have been venting their frustrations after the project outlined a proposed four-year vesting schedule.
That would leave early WLFI holders waiting until after the president’s second term before their 17 billion tokens unlock, sparking outrage on the project’s governance forum from investors who’ve seen their gains on paper shrink since its launch.
Among those fuming online was Tron founder Justin Sun, who denounced the proposal vote as “tyranny,” arguing that it excludes large holders such as himself and can be overwritten by those controlling WLFI’s smart contracts.
The move comes after World Liberty Financial drew scrutiny for borrowing $75 million in stablecoins from DeFi protocol Dolomite—itself co-founded by a World Liberty advisor—using 5 billion WLFI as collateral.
đź“° In the News
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