WLFI New Proposal: Intend to utilize all fees generated from our native liquidity to conduct buybacks on the open market and burn WLFI
BlockBeats News, September 12th, World Liberty Financial has released a new proposal that calls for all fees generated by the WLFI protocol's proprietary liquidity (POL) to be used for open market buybacks of WLFI and for implementing permanent burning.
It is reported that the term "proprietary liquidity" refers specifically to the fees generated by the liquidity controlled by WLFI, with the fees from the community and third-party liquidity providers (LP) remaining unaffected.
In simple terms, this means that the WLFI team will collect fees generated by its proprietary liquidity on the Ethereum, BSC, and Solana blockchains, and use these fees to buy back WLFI tokens on the market. The bought-back tokens will be transferred to a burn address, achieving a permanent reduction in the token's total supply.
The team has stated that if this proposal is approved, WLFI will use this as the foundation for an ongoing buyback and burn strategy. As the ecosystem grows, we will explore incorporating other protocol revenue sources into this plan to gradually expand the scale of WLFI buyback and burning.
You may also like

The Aave civil war escalates, Morpho quietly doubles: Is the lending throne about to change hands?

Dune Stablecoin Research: The Flow and Demand of a $300 Billion Market

Stripe Annual Letter: New cognitive density is extremely high, especially the 5-level model of "AI + Payments"

Sam Altman's Twenty-Four Hours: The Pentagon said "no" twice, but only one was serious

The US-Iran Conflict Spreads to the Crypto Space: What to Expect in the Market on Monday

Lily Liu, the chair of the Solana Foundation, shouted "Don't waste time on crypto," is the crypto industry really dead?

The little deer live by the water and grass

The world belongs to Chinese people who speak English

Why Stop at 126K? Michael Saylor Breaks Down BTC Stagnation and Retail Absence Truth

Virtuals Protocol's inaugural Titan project: ROBO aims to give a wallet to a robot

Stablecoin Latest Report: Actual Distribution and Circulation Much More Notable Than Supply

Paradigm's New Arithmetic: When Crypto Can't Hold 12.7 Billion, AI Becomes the Answer

Wintermute Founder: In the Lost Cryptocurrency Market, What Can We Still Do?

$1.3 Billion Debt: BitDeer Faces Tough Battle

Anthropic's IPO Gamble: At the Most Unlikely Moment, It Chose to Say No

Paradigm's Math Problem: $12.7 Billion, Too Big for a Single Crypto Fund

Ethereum Unveils Scaling Roadmap, What's Different This Time?
