WLFI has proposed a governance staking system, requiring tokens to be staked for at least 180 days to be eligible for voting
Svmuu News: The WLFI team has released a proposal for a governance staking system. The proposal requires holders of unstaked WLFI tokens to stake their tokens in order to participate in governance voting, with a minimum lock-up period of 180 days. Governance weighting will be calculated using a square-root weighted formula, and stakers who actively participate in governance will receive approximately 2% annualized WLFI staking rewards. The proposal establishes a three-tier structure: Basic stakers receive governance voting rights and a $1 deposit incentive; Node-level stakers must stake at least 10 million WLFI (approximately $1 million) and will receive OTC conversion privileges to exchange USDT, USDC, and other tokens for USD1 at a 1:1 parity rate through third-party market makers; with the top 1,000 nodes also receiving additional rewards based on conversion volume; the Supernode tier requires staking at least 50 million WLFI (approximately $5 million), granting access to all Node-level benefits plus a priority channel for direct collaboration with the WLFI team and eligibility for potential economic incentives. The proposal notes that during the previous USD1 expansion phase, market makers earned approximately 15 basis points in arbitrage profits through the minting and selling cycle, while WLFI additionally paid millions of dollars in subsidies to facilitate redemptions. This proposal aims to redirect this value from a small number of intermediaries back to long-term ecosystem participants. The proposal voting period is 7 days, with a passing threshold of 1 billion WLFI voting tokens.
No AI analysis yet. Tap the "AI Analysis" button above to generate one now.
Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
24H Trending
-
1
RTHK: U.S. stocks closed lower on Tuesday, with the Dow down 0.3% and the Nasdaq down 0.7%.
-
2
CNBC: Colom leads by 2,607 votes in Mississippi Senate race, race uncalled
-
3
Financial Times: Anthropic's underwriting banks prepare to boost IPO valuation to at least $1.5 trillion
-
4
Al Jazeera: UKMTO receives report of incident involving oil tanker in Strait of Hormuz, details unclear
-
5
Hong Kong and mainland Chinese stocks opened lower, weighed down by higher-than-expected US inflation and escalating interest rate hike expectations.
-
6
Nikkei Stock Average flat at 60,451.02 as bank and pharma gains offset tech and machinery losses
-
7
Al Jazeera: Iran denies holding talks with the US
-
8
Hong Kong's Insurance Authority (IA) has prohibited Lim Ka Kit from engaging in insurance intermediary business for nine months.
-
9
Binance Announcement: bStocks to Support SanDisk (SNDK) 1-for-8 Stock Split
-
10
Musk retweeted that the US Federal Communications Commission has accepted SpaceX's application to acquire 800 MHz spectrum.
Markets Today
Recommended Reading


