WLFI faces community opposition over "team wallet" proposal to increase through USD1 voting

PANews January 20 News, according to Cointelegraph, World Liberty Financial (WLFI) recently faced controversy over a governance vote on a USD1 stablecoin growth proposal. The community criticized that locked-in holders could not participate in the vote, and that the voting results were dominated by a few related wallets. On-chain voting data shows that the top nine wallets control approximately 59% of the voting rights, with the largest single wallet contributing 18.786%. Anonymous researcher DeFi^2 pointed out that many of these key affirmative votes come from team or strategic partner-related addresses, while a large number of locked ordinary holders are excluded from voting. Critics argue that the project team should prioritize resolving investors’ unlocking issues rather than pushing proposals that could further dilute token holders’ rights. According to project documents, 75% of the protocol’s net income is distributed to entities related to the Trump family, and 25% to entities related to the Witkoff family. WLFI holders do not directly share in the protocol income.