World Liberty Financial is moving to lock down government power, requiring token holders to stake their WLFI for six months before they can vote on the future of the protocol.
A new proposal would require holders of unlocked WLFI tokens to stake for at least 180 days to vote, while creating “Node” and “Super Node” tiers that give large stakers access to subsidized 1:1 conversions to their USD1 stablecoin and direct partnership discussions with the team.
Under the framework, holders staking at least 10 million WLFI, roughly $1 million at current prices, will qualify as “hubs” and gain access to over-the-counter stablecoin conversion channels facilitated by licensed market makers. World Liberty Financial said it would subsidize these market makers to maintain parity, effectively transferring arbitrage opportunities that previously generated 10 to 15 basis points per share. cycle, for qualified stakers.
Participants who stake 50 million WLFI, roughly $5 million, will qualify as “Super Nodes,” guaranteed access to the team for partnership discussions and potential eligibility for additional financial incentives, subject to commercial agreements.
Stakers would earn an estimated 2% annual reward in WLFI, funded by the project’s treasury and contingent on participating in government votes. The proposal comes as USD1’s circulating supply has grown to around $4.7 billion, making it one of the largest stablecoins on the market.
A date for voting has not yet been set.
