World Liberty Financial, a DeFi project with ties to US President Donald Trump, has revealed plans to make its WLFI token transferable.
In a recent announcement on X, the team confirmed the following:
“You asked to make WLFI transferable — we heard you. The team is working behind the scenes to make it happen.”
Details regarding the timeline for this implementation were not disclosed.
WLFI serves as the primary governance token for World Liberty Financial, granting holders the ability to participate in voting for protocol upgrades and platform direction.
Up until now, WLFI investors have been unable to trade the token, leading to concerns about transparency and liquidity. The tokens are currently locked within wallets or smart contracts, preventing transfers between users.
Despite these limitations, platforms like LBank have started offering WLFI in a pre-market setting. As of now, the token is valued around $1, with daily trading volume reaching close to $5 million on LBank, as per their statistics.
Growing institutional interest
The decision to enable WLFI transfers coincides with ongoing enhancements within the DeFi project’s ecosystem.
During a recent event, Zak Folkman, one of the co-founders of World Liberty Financial, shared plans for a mobile app aimed at enhancing retail users’ access to crypto tools.
Additionally, Folkman mentioned that several public companies are considering adding WLFI to their crypto portfolios.
In his words:
“There has been a lot of interest from several public vehicles who want to use WLFI to be held in their treasuries as well.”
This shift reflects a broader trend in traditional finance, where companies are increasingly embracing crypto assets, especially under the current administration’s crypto-friendly stance.
USD1 outlook
Folkman also disclosed plans for an independent audit of the project’s USD1 stablecoin.
He expressed confidence in the market potential of the dollar-pegged asset, suggesting that it could surpass Tether as the leading stablecoin by market cap.
According to CryptoSlate, USD1’s circulating supply is currently estimated at $2.2 billion. Earlier this month, USD1 was distributed to WLFI holders through an airdrop as part of a community incentive program and to test distribution mechanisms on-chain.
