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.
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Source:Odaily · Source Link
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