This morning I came across WLFI's latest governance proposal.

To be honest, my first reaction was: are these people being pushed to the limit by the current harsh environment?
Because the lock-up plan they proposed this time is somewhat unconventional.
——
I reviewed the core data.
They plan to relock 62.2 billion tokens.
The key point is the 45.2 billion chips targeted at the team and institutions.
➢ The proposal is very blunt: if you agree to the new terms, you will directly add a 2-year cliff lock-up and a 3-year linear release.
The cost is that you must forcibly burn 10% of the tokens in your possession.
At the upper limit, you would have to burn a maximum of 4.52 billion $WLFI .
At the upper limit, you would have to burn a maximum of 4.52 billion WLFI.
Interestingly, the chips of early supporters (17 billion) are also locked for 2 years, but do not need to be destroyed and are fully retained.
The scripts we have seen before are mostly where teams secretly leave backdoors, and retail investors stubbornly hold on.
This time it’s just the opposite, the team is directly sacrificing themselves.
——
It seems that the posture is indeed quite strong.
But I have always felt that relying solely on lock-up and destruction cannot support the fundamentals.
This can at most be considered a defensive move.
So I cross-verified their recent ecological data.
The $USD1 stablecoin now has a market value of about 4.2 billion USD.
Chainlink's proof of reserves (PoR) has been connected.
The OCC bank license application is also in process.
➢ Looking at these two things together, their logic actually makes sense:
Initially relying on USD1 to seize real business liquidity from the outside,
Later relying on WLFI's heavy lock-up to forcibly suppress the selling pressure expectations in their backyard.
/
However, to be honest, the lock-up on paper is one thing,
Whether the market buys it is another thing.
At this stage of liquidity exhaustion,
There have been too many beautiful proposals that everyone has seen.
The team actively cutting losses is indeed a rare signal of 'self-rescue + alignment.'
But whether this move can bring real buying pressure, I still hold a reserved attitude.
Anyway, I personally feel that this action can serve as a passing line to assess whether old projects can traverse bull and bear markets.
As for whether to enter the market, we still need to monitor their real trading volume on multi-chain ecology for a few more months.
(Note: Purely personal on-chain data breakdown, not investment advice. The market is difficult to navigate, manage your hands well, DYOR.)#GatePreIPOsLaunchesWithSpaceX