World Liberty Financial proposes a new Stake system for the governance of WLFI digital currency

World Liberty Financial has put forward a proposal to launch a governance system based on the staking of the digital currency WLFI, making staking a prerequisite for participating in in-platform voting to stimulate long-term retention of the currency.

Under the program, holders of unlocked WLFI tokens must stake them for at least 180 days to participate in governance.

Voting power increases with the number of coins allocated and the duration of the lock.

It is also required to vote at least twice during the solicitation period to receive a target annual reward of approximately 2% paid out from the project pool.

The system consists of two main levels:

• node: Requires a pledge of approximately 10 million WLFI, and in addition to rewards linked to transfer volume, token holders can also transfer $1 outside the platform through approved market makers.
• super node: A quota of 50 million WLFI is required. In addition to directly communicating with the project team to discuss cooperation opportunities, holders of this amount can also enjoy first-level benefits, but there is no guarantee that a partnership will be automatically established.

The proposal will be implemented in three phases, first launching the staking and reward mechanism, then activating the node level with know-your-customer (KYC) requirements, and finally launching the super node level with special arrangements for partnerships and revenue sharing.

Previously, entities affiliated with the project signed a memorandum of understanding with Pakistan to study the use of a US$1 stable currency in the country’s regulated digital payments system.

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