World Liberty Financial (WLFI), a decentralized finance project backed by the Trump family, plans to launch a token buyback and burn program this week.
In a post on X, WLFI announced that the move had been approved in a community governance vote, with nearly all token holders backing the plan. The team also promised to share updates on each buyback and burn once they are conducted.
At the start of September, WLFI went live for trading at $0.20 per token and briefly surged to $0.46 on its debut day. It also launched on major exchanges including Binance, Kraken, Gate, Upbit, and Bithumb. As of Friday, WLFI was trading around $0.19, down about 4% in the last 24 hours and 58% from its all-time high, according to CoinMarketCap.
The WLFI governance proposal, which opened on September 12 and closed on September 19, commits 100% of the protocol’s Treasury liquidity fees to the buyback-and-burn mechanism. The project clarified that liquidity pools run by the community or third parties will not be included.
Buyback and burn program
Under the program, fees collected from WLFI’s liquidity positions on Ethereum, BNB Chain, and Solana will be used to repurchase WLFI tokens from the market. These will be directed to a burn address, effectively taking them out of circulation.
Burning and buybacks are common practices in crypto used to limit supply and offset selling pressure. By decreasing the supply of tokens available, the project hopes to make the available supply rarer and possibly more valuable.
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