WLFI Proposes Token Buyback and Burn Program to Drive Scarcity
We may earn commissions from affiliate links or include sponsored content, clearly labeled as such. These partnerships do not influence our editorial independence or the accuracy of our reporting. By continuing to use the site you agree to our terms and conditions and privacy policy.
The World Liberty Financial team has put forward a proposal to allocate all fees generated from its protocol-owned liquidity toward purchasing and permanently burning WLFI tokens.
“This program removes tokens from circulation held by participants not committed to WLFI’s long-term growth and direction, effectively increasing relative weight for committed long-term holders,” the proposal said.
The plan stipulates that fees collected from WLFI’s liquidity positions on Ethereum, Binance Smart Chain and Solana will be used to repurchase WLFI tokens on the open market.
These tokens would then be sent to a burn address, removing them from circulation. However, fees from community or third-party liquidity providers are not included in this program. The proposal explained that higher protocol usage would lead to increased fees, resulting in more tokens being burned.
All burn transactions would be recorded on-chain and reported to the community for transparency, the team noted. The community can vote on three options: support directing all treasury protocol-owned liquidity fees to the buyback and burn program, oppose the plan and retain fees in the treasury, or abstain from expressing a preference.
Commentaries 
Fill in necessary fields and publish