WLFI 100% Liquidity Fee Buyback Burn Proposal Approved

BlockBeats News, September 19th: A proposal previously put forward by World Liberty Financial to use all fees generated by the WLFI protocol's proprietary liquidity (POL) for open market buybacks of WLFI tokens and implement permanent burning has now been approved, with 99.84% of voters expressing support.

Reportedly, the term "proprietary liquidity" refers specifically to the fees generated by liquidity controlled by WLFI, with fees from the community and third-party liquidity providers (LP) remaining unaffected. In simple terms, this means that the WLFI official team collects fees generated by its proprietary liquidity positions on the Ethereum, BSC, and Solana blockchains, using these fees to buy back WLFI tokens on the market. The repurchased tokens are sent to a burn address, achieving a permanent reduction in the token's total supply.

The officials stated that if this proposal is passed, WLFI will use it as the foundation for an ongoing buyback and burn strategy. As the ecosystem develops, we will explore incorporating other protocol revenue streams into this plan, gradually expanding the scale of WLFI buyback and burn.