WLFI holders endorsed open market trading on 17 July with 99.94% support.
Peer‑to‑peer transfers and exchange listings will extend governance rights to new participants.

The vote by World Liberty Financial token holders ended just after midnight on  July 17 and delivered a near-unanimous mandate to open WLFI to public trading.

The proposal reshapes the three-year-old project by replacing a closed token registry with permissionless transfers and secondary market settlement.

Near‑unanimous vote clears open trading

WLFI began as an invitation‑only asset for early backers who validated network upgrades and treasury spending. Until now, transfers required an on‑chain allowlist managed by the foundation. Ballot WLFI‑004 asked whether to lift that restriction and upgrade the smart contract to enable unrestricted peer‑to‑peer movement.

According to the final tally, 452 million votes supported the change, while only 244,000 opposed it. Turnout reached 87 percent of the circulating supply, reflecting broad engagement across node operators, yield‑pool delegates, and the foundation’s treasury wallet.

The proposal will take effect once auditors complete a post-vote review of the new contract, a process expected to be finished within ten days. At that point, existing holders will receive a one‑for‑one swap for the fungible version of WLFI, and the legacy token will be frozen. The foundation stated that the transition will not alter the total supply, vesting schedules, or staking rewards.

Secondary listings planned within weeks

World Liberty Financial’s board said it is in advanced talks with four centralised exchanges and two decentralised trading venues. Liquidity providers have pledged a combined two million dollars in seed capital to ensure orderly price discovery during the first week of trading.

The foundation will publish a market-making framework that caps spread subsidies at 20 basis points and phases them out after 30 days.

Developers are also updating governance modules to enable WLFI holders on secondary markets to submit and vote on proposals without waiting periods. Chief executive Dana Farrell said the open model aligns token economics with the project’s goal of “unfettered financial inclusion”.

Legal advisers have determined that WLFI remains a utility token under Swiss regulations because it confers only voting rights and network fee discounts.

Future governance ballots are expected to address treasury diversification and an expansion of validator incentives. Analysts tracking community metrics noted that the Discord server added more than 600 members in the 12 hours following the vote, signaling early interest from prospective traders.

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Filed under: Bitcoin - @ July 17, 2025 6:20 am