BlockBeats News, September 19th: World Liberty Financial’s proposal, previously released, requested that all fees generated by the WLFI Protocol’s proprietary liquidity (POL) be used for open market buybacks of WLFI and permanent destruction. The proposal has now been approved, with 99.84% of voters in support.
Reportedly, “proprietary liquidity” refers to fees generated only by the liquidity controlled by WLFI, with no impact on community and third-party liquidity provider (LP) fees. Simply put, the WLFI official collects fees generated by its proprietary liquidity positions on the Ethereum, BSC, and Solana blockchains, which are used to buy back WLFI tokens on the market. The repurchased tokens are transferred to a burn address, achieving a permanent reduction in the token’s supply.
The official statement indicates that if this proposal is passed, WLFI will use this as the basis for an ongoing buyback and burn strategy. As the ecosystem develops, we will explore incorporating other protocol revenue sources into this plan to gradually expand the scale of WLFI buyback and burn.
