Trump-Backed WLFI Token Approved for Trading After Community Vote

World Liberty Financial's governance token (WLFI), a DeFi protocol with ties to former U.S. President Donald Trump, has cleared a pivotal governance vote to become tradable on secondary markets. The proposal passed with 99% approval from token holders, unlocking a phased release of the previously illiquid assets.

The protocol raised $590 million in its 2023 presale, attracting notable buyers like TRON founder Justin Sun with a $30 million purchase. WLFI powers governance for a dollar-pegged stablecoin (USD1) and an upcoming lending platform, though tokens had been locked since sale to prevent transfers.

Founder and team allocations will remain locked longer than early investor tokens, emphasizing long-term alignment. Final unlock schedules hinge on a future community vote, with exchange listings imminent following the approval.