WLFI releases a governance proposal to use part of the unlocked WLFI treasury funds to incentivize USD1 adoption

WLFI has announced a governance update stating that a new community governance proposal is open for voting, which suggests using part of the unlocked WLFI treasury funds as an incentive to promote the adoption and growth of the stablecoin USD1.

The announcement indicates that over the past three weeks, WLFI has repurchased approximately $10 million worth of WLFI tokens using USD1 and has successfully gained support for multiple spot trading pairs on Binance. At the same time, the usage scale of USD1 in both CeFi and DeFi scenarios has significantly increased, and the WLFI token unlock schedule is also progressing and nearing finalization. The proposal aims to sustain the current growth momentum by further expanding the integration, use cases, and number of partners for USD1 through incentive mechanisms, thereby enhancing the overall economic activity level of the WLFI ecosystem. The announcement points out that the growth of USD1 will directly drive the expansion of the WLFI ecosystem and benefit the entire community.