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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.
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