💥 Gate Square Event: #PTB Creative Contest# 💥
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CandyDrop x PTB 👉 https://www.gate.com/zh/announcements/article/46922
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📅 Event Period: Sep 10, 2025 04:00 UTC – Sep 14, 2025 16:00 UTC
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The proposal "WLFI proposes to buy back and destroy 100% of the liquidity fees for WLFI" currently has a support rate of 99.72%.
On September 14, World Liberty Financial released a proposal to use all fees generated from the WLFI protocol's own Liquidity (POL) for market buybacks of WLFI and implement permanent destruction. Currently, the support rate is 99.72%, the abstention rate is 0.2%, and the opposition rate is 0.07%. Voting will end at 3:27 AM on September 19, 2025. It is reported that "own liquidity" refers specifically to the fees generated from the liquidity controlled by WLFI, and the fees from community and third-party Liquidity Providers (LPs) are not affected. In simple terms, this means WLFI will collect fees generated from its own liquidity positions on Ethereum, BSC, and Solana, and these fees will be used to buy back WLFI tokens on the market, with the repurchased tokens sent to a destruction Address to achieve a permanent reduction in supply. The officials stated that if this proposal passes, WLFI will use it as the basis for a continuous buyback and destruction strategy. As the ecosystem develops, we will explore incorporating revenue sources from other protocols into this plan, gradually expanding the scale of WLFI buybacks and destruction.