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I saw the news on WLFI this morning and honestly, it's a major restructuring. They talk about unlocking over 62 billion tokens at once, with a 2-year lock-up system followed by 3 years of gradual release. The advisors and founders will lose 10% of their tokens (like 4.5 billion burned), which shows they take governance seriously.
What surprises me is that early investors with 17 billion tokens probably don't need to burn — just wait 2 years before unlocking over 2 years. If everyone agrees, 62.2 billion tokens will be at stake for at least 2 years. The team presents it as a strong signal of long-term commitment in DeFi.
But, it's still a proposal — the community needs to vote. Do you think it will pass? The numbers are huge, but the burn and lock mechanism seems designed to prevent a dump catastrophe.