So World Liberty Financial has just proposed something interesting regarding governance. They want to link voting rights to staking, which means you need to lock up your WLFI for at least 180 days before you can vote on protocol decisions.



The thing is, they are creating two levels: if you stake 10 million WLFI (about $700k at the current price of $0.07), you become a "Node" and gain direct conversions to USD1 with approved market makers. If you reach 50 million WLFI, you are a "Super Node" and can directly discuss partnerships with the team.

Rewards? About 2% per year in WLFI, funded by the project's treasury. Not a bad incentive for big stakers. Meanwhile, the circulating supply of USD1 has reached $2.15 billion, making it one of the largest stablecoins on the market now.

The vote hasn't been scheduled yet, but it shows how World Liberty Financial is trying to structure its governance around staking. It's a classic approach to ensure that those truly committed to the project have a say.
WLFI-1.03%
USD10.02%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pinned