World Liberty Financial Opens 7-Day Vote for 62 Billion WLFI Token Unlock

World Liberty Financial’s WLFI token unlock governance proposal has opened a limited voting period as the project moves toward a planned release schedule for more than 62 billion locked tokens.

Multiple outlets tie the vote to a figure of 62 billion WLFI tokens subject to governance, with the proposal described as replacing indefinite lockups with structured vesting after a cliff.

@coindesk

CoinDesk says the proposal “races toward 62 billion token unlock with near-unanimous vote,” adding that the plan is on track to pass with “99.5% support” and that “quorum [was] already surpassed.”

The Block similarly reports that “Some 62 billion WLFI tokens are subject to the vote and would enter circulation beginning after a two-year cliff, if approved,” and it specifies that the vote is meant to replace “the current indefinite token locks with structured vesting schedules.”

Bitget’s report, citing Odaily, puts the locked amount at “62,282,252,205 locked WLFI tokens” and says the voting period is “7 days,” with a quorum threshold of “1 billion WLFI.”

CoinCentral frames the same governance action as a vote that would set “new lock-up and vesting terms for 62.3 billion WLFI tokens,” and it states the voting period “will last seven days and requires a quorum of 1 billion WLFI tokens to pass.”

The proposal’s mechanics, as described across outlets, center on a two-year cliff and multi-year linear vesting for different cohorts of WLFI holders, along with a potential token burn.

CoinDesk says the plan would see insiders burn “10% of their holdings, roughly 4.5 billion WLFI,” and then begin unlocking “40.7 billion tokens over a five-year schedule following a two-year cliff.”

AMBCrypto

CoinCentral provides a cohort breakdown, saying “up to 45.2 billion WLFI tokens held by the founding team, advisors, and partners would remain locked for two years,” followed by “three-year linear vesting,” while “Early supporter tokens, totaling about 17 billion WLFI, would also move into a two-year lock-up” and then “vest linearly over two years.”

Bitget’s Odaily-cited writeup similarly states that “up to 45.2 billion WLFI held by the founding team, advisors, and partners will be converted to a 2-year lockup period plus 3-year linear unlocking,” and it adds that the proposal includes “the possible burning of up to about 4.5 billion tokens.”

The Block describes the same structure as “about 45 billion WLFI” subject to “a two-year cliff and a three-year linear vesting schedule,” and it says “up to 17 billion tokens” for early protocol supporters would follow “a two-year cliff and two-year vesting schedule.”

The Crypto Times adds that “none of these tokens would hit the market before at least 2028 under the terms,” and it states the founders’ portion includes “a 10% permanent burn of about 4.5 billion tokens.”

As the vote progressed, multiple outlets described backlash from early investors and critics who said the new cliff and vesting terms changed expectations after they supported the project.

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Bitget

CoinCentral says “Some pre-sale investors have objected to the plan,” arguing it “changes expectations after they supported the project,” and it describes their view that the proposal is a “bait-and-switch” because “their tokens would remain locked for years while WLFI trades far below earlier levels.”

The MEXC Exchange report says reaction on X was “largely negative,” and it quotes Moonrock Capital founder Simon Dedic comparing the proposal to a “rug pull,” while also citing Tron founder Justin Sun calling it one of the “most absurd” he had ever seen.

CoinCentral also ties the dispute to Tron founder Justin Sun, stating he filed a federal lawsuit accusing the project of freezing his WLFI tokens through an alleged blacklist function, and it says Sun claims the freeze affected “2.9 billion WLFI tokens” and stripped him of voting rights.

AMBCrypto adds that Sun’s tokens have been “blacklisted,” and it quotes the project’s position that Sun’s tokens were blacklisted because of his “misconduct,” while also referencing Eric Trump dismissing Sun’s lawsuit as “ridiculous.”

TradingView’s report quotes a prominent trader, DeFi^2 (@DeFiSquared), alleging “rigged voting,” and it says he wrote: “What you see above appears to be a rigged vote,” while also claiming that “actual voters who are further down in the screenshot, who have been blocked from accessing their WLFI tokens since TGE and cannot vote on an unlock until the team allows it.”

World Liberty Financial’s stated rationale, as quoted by The Block and Cointelegraph, is that the governance vote is intended to create a clearer, structured vesting framework and to address governance participation.

The Block includes language from the proposal itself, stating: “The WLFI governance token has been fully functional as a digital tool to participate in governance since launch and required no further development, but we’re now at an inflection point for the greater WLFI ecosystem,” and it continues: “This proposal is how to get there.”

bloomingbit

The Block also quotes the team’s framing that “This proposal establishes a clear, structured vesting framework across all holder cohorts,” and it says the move is meant to replace “the current indefinite token locks with structured vesting schedules, providing clarity on future token supply, while simultaneously addressing low governance participation.”

Cointelegraph reports that the team said the structure was designed to give “a “more clear, bounded picture of governance preferences” and to keep tokens in the hands of those who are “genuinely committed” to the future of the project.”

CoinDesk similarly describes the shift as “replacing open-ended lockups with predictable future supply and creating a clearer exit path for holders who previously had none,” and it says the plan would “shift WLFI to a more predictable five-year supply schedule.”

Cointelegraph also notes that “those who don't vote will have their tokens locked up indefinitely,” which became part of the controversy around the governance process.

The governance vote has coincided with sharp token price moves and a continuing dispute over how the unlock terms will be implemented.

CoinCentral reports that WLFI was trading “near $0.064 after the vote opened, down from about $0.073 before the proposal began,” and it says “The token has fallen sharply from its reported peak near $0.33.”

bloomingbit

MEXC Exchange similarly says WLFI “fell nearly 14%” as the proposal opened, and it gives a snapshot of “99.95% of votes are in favor,” with “6 billion tokens voting yes and just 3.2 million against,” while also stating “Voting runs until May 7” and that “the quorum requirement has already been met.”

The Crypto Times reports that the token “plunges 20%” after the vote, and it says WLFI slid “from around $0.074 to as low as $0.060 at the time of publishing,” while also stating the vote opened on “April 29” and runs through “May 7.”

Looking ahead, the vote’s outcome determines whether the two-year cliff and multi-year vesting schedules proceed, and multiple outlets tie the next phase to whether holders accept the new terms.

Even as CoinDesk frames the vote as near-unanimous, the dispute with Justin Sun remains a central thread, with CoinCentral describing his lawsuit alleging frozen tokens and lost governance rights, and AMBCrypto stating Sun’s tokens were “blacklisted” while the project said it was due to “misconduct.”