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World Liberty Financial ties voting power to staking as USD1 supply tops $4.7 Billion

CoinDesk
World Liberty Financial proposes staking WLFI for six months to gain voting rights, introducing tiers for large stakers.

Summary

World Liberty Financial introduced a proposal to link governance power to staking, requiring token holders to stake WLFI for a minimum of 180 days to vote on the protocol's future. The framework establishes "Node" and "Super Node" tiers based on staked amounts: 10 million WLFI for Nodes and 50 million WLFI for Super Nodes. Nodes gain access to subsidized 1:1 conversions into the USD1 stablecoin via licensed market makers, redirecting arbitrage opportunities (previously 10-15 basis points per cycle) to stakers. Super Nodes receive guaranteed access to team partnership discussions and potential additional incentives. Stakers will earn an estimated 2% annual reward in WLFI, contingent on participating in governance. This move occurs as the circulating supply of USD1 surpasses $4.7 Billion, positioning it as a major stablecoin.

(Source:CoinDesk)