World Liberty Financial is taking steps to secure governance power, requiring token holders to stake their WLFI for six months before being able to vote on the future of the protocol.
A new proposal would require holders of unlocked WLFI tokens to stake for at least 180 days to vote, while creating “Node” and “Super Node” tiers that grant high rollers access to 1:1 subsidized conversions on its $1 stablecoin and direct partnership discussions with the team.
Under the framework, holders who stake at least 10 million WLFI, roughly $1 million at current prices, would qualify as “Nodes,” gaining access to over-the-counter stablecoin conversion channels facilitated by authorized market makers. World Liberty Financial said it would subsidize those market makers to maintain parity, effectively transferring arbitrage opportunities that previously generated 10 to 15 basis points per cycle to qualified participants.
Participants who stake 50 million WLFI, around $5 million, would qualify as “Super Nodes,” receiving guaranteed access to the team for partnership discussions and possible eligibility for additional financial incentives, subject to commercial agreements.
Participants would earn an estimated 2% annual reward in WLFI, funded by the project treasury and contingent on participation in governance votes. The proposal comes as the circulating supply of USD1 has risen to approximately $4.7 billion, making it one of the largest stablecoins on the market.
A date for the vote has not yet been set.
