WLFI proposes governance staking system and USD1 usage incentives
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Written by Stephen Katte , Staff Writer Reviewed by Felix Ng , Staff Editor WLFI proposes governance staking system and USD1 usage incentives 21 minutes ago World Liberty Financial’s USD1 is the fifth-largest stablecoin by market capitalization at $4. 7 billion, while USDT is the market leader, followed by USDC. Listen 0:00 News Cointelegraph in your social feed Join our Subscribe on Trump family-backed crypto venture World Liberty Financial (WLFI) has proposed new measures to boost participation in governance through a staking system and incentivize the use of its stablecoin USD1.
Written by Stephen Katte , Staff Writer Reviewed by Felix Ng , Staff Editor WLFI proposes governance staking system and USD1 usage incentives 21 minutes ago World Liberty Financial’s USD1 is the fifth-largest stablecoin by market capitalization at $4. 7 billion, while USDT is the market leader, followed by USDC. Listen 0:00 News Cointelegraph in your social feed Join our Subscribe on Trump family-backed crypto venture World Liberty Financial (WLFI) has proposed new measures to boost participation in governance through a staking system and incentivize the use of its stablecoin USD1. In its latest proposal on Wednesday, the team suggested governance votes should require holders to stake their tokens for at least 180 days to ensure “voting power is held by participants with long-term alignment to the protocol,” instead of “short-term holders or speculators. ” Stakers would earn an annual percentage rate of 2% provided they participate in at least two governance votes during the lock-up period. Governance power would be based on the amount staked and the time left in the lock-up. Users with locked tokens can continue to vote as usual.
