World Liberty Financial Approves 99.94% Token Trading Proposal

World Liberty Financial (WLFI) has taken a significant step forward with the approval of a proposal to enable open secondary market trading of its governance tokens. The proposal, which received an overwhelming 99.94% support from token holders, aims to transition the WLFI ecosystem from a closed model to one that allows for open participation. This shift will facilitate peer-to-peer and secondary market trading, thereby expanding access to the WLFI network.

The proposal, posted on July 4 and opened for on-chain voting on July 9, directs the team to activate transferability. This will enable holders to move WLFI tokens peer-to-peer and list them on secondary venues. The plan also outlines staged unlocks, where a portion of the early supporter allocations will become eligible once trading starts. However, founder, team, and adviser allocations will remain locked under a longer schedule that requires a later community vote. The timing and any eligibility screens will follow in a separate implementation update.

With the authorization in place, the team will execute transfer functionality, initiate eligible early-supporter unlocks, and schedule a second vote to govern the broader release schedule for locked allocations. Governance participants will also gain a broader role in determining emission parameters, incentive programs, and treasury actions once WLFI transitions to a permissionless circulation model. Project documentation on the forum states that implementation will occur within a reasonable time from passage.

World Liberty Financial is a decentralized finance and digital wealth platform backed by President Donald Trump and his family. The application links traditional financial services with on-chain products, including the WLFI governance token and the USD-pegged stablecoin, USD1. According to one of the initial statements on the project, WLFI’s goal is to maintain the dollar and the global settlement layer through US-pegged stablecoins.

The approval of this proposal marks a significant milestone for the WLFI ecosystem, as it paves the way for increased liquidity and broader participation. The transition to an open model is expected to attract more users and investors, further enhancing the platform's growth and development. The staged unlock strategy will ensure a gradual and controlled release of tokens, maintaining stability within the ecosystem. The community's involvement in governance decisions will also foster a more decentralized and democratic approach to managing the platform.

Prior to this, the protocol raised approximately $590 million in a presale last year, where investors could purchase WLFI tokens. For instance, Tron founder Justin Sun bought $30 million worth of WLFI assets. The community vote on Wednesday showed that 99% of token holders voted in favor of a proposal to allow WLFI tokens to be traded on the secondary market and transferred in peer-to-peer transactions.