I just saw that WLFI announced a pretty big token restructuring proposal. Basically, they will release and burn a good portion of the 62 billion tokens they had locked. The advisors and founders have 45 billion and will enter a 2-year lock-up plan plus 3 years of gradual release, with a 10% mandatory burn. The initial investors with 17 billion have a different plan without burning.

The interesting part is that they say this is one of the strongest signals of long-term governance alignment in DeFi. If approved, they will have 62 billion tokens actively participating in governance for at least two years. WLFI news is quite technical, but the point is that it seems like a serious move to prevent everything from dumping all at once.

I don’t know, this sounds like they’re trying to show that the project is serious. The WLFI token has a circulating supply of about 24 billion right now. What do you all think about these governance plans? Do they seem legitimate or is it another PR move?