The governance vote, which ran from May 6 to May 13, received near-unanimous support, with 99.96% of participants backing the initiative. In total, around 7 billion tokens were committed to the proposal.
Following the approval, WLFI’s team announced it is preparing the rollout and will soon share the final airdrop details.
While the vote clears a significant hurdle, the project reserves the right to proceed with or cancel the airdrop based on operational readiness.
Notably, governance data reveals that voting power for the proposal was highly concentrated among whales.
This high concentration level raises concerns about the decentralization and decision-making process in the project’s decentralized autonomous organizations (DAOs).
“The SEC [has] asked the court to pause its enforcement action against Mr. Sun, raising troubling questions about whether the Trump Administration’s apparent abandonment of its gravely serious charges against Mr. Sun constituted an illegal quid pro quo in exchange for his largesse directed at this Trump family venture.”
Considering this, the letter warned that the move could expose the US financial system to risks, especially given allegations that some investors might have ties to criminal activity or ongoing investigations.
“America — and the rest of the world — needs solutions like USD1. We will not be intimidated by politicians with an axe to grind.”
