Holders of World Liberty Financial (WLFI) must now lock up their tokens for nearly six months if they wish to participate in future protocol decisions, according to a newly passed proposal.
WLFI stated that the proposal aims to ensure that only participants with a "long-term commitment" to the protocol are able to make decisions regarding it.
Supernodes will receive a "direct communication channel with the WLFI team."
Another part of the proposal suggests that participants who stake 50 million WLFI tokens (worth approximately $5 million) will "guarantee direct communication with the WLFI team" to seek partnership opportunities.
WLFI's "Gold Paper" lists Donald Trump's sons, Eric and Baron, as co-founders, stating they are team members "supporting the WLF commitment." Steven Witkoff's sons, Zach and Alex, are also listed as co-founders.
WLFI is seeking a banking license and supports the U.S. dollar.
WLFI investors may see a number of significant developments in the coming years.
According to its "Gold Paper," WLFI is working to build a crypto-backed financial ecosystem around its stablecoin, USD1, while also supporting other DeFi News applications and stablecoins aimed at "maintaining the status of the U.S. dollar."
WLFI's "Gold Paper" promises holders "voting rights on specific matters of the WLF protocol."
To date, WLFI has completed six snapshot votes. Past proposals have included using unlocked WLFI tokens to foster the growth of the project's stablecoin, USD1, and making the governance token tradable.