World Liberty Financial has put forward a governance proposal to restructure the vesting schedule for 62.3 billion WLFI tokens — roughly two-thirds of the 100B total supply — and would burn up to 10% of the team/insider allocation as a concession to holders. The move comes amid an investor revolt that has pushed WLFI to all-time lows, with early buyers from the $550M presale still locked out of ~75% of their tokens over 18 months later, a legal battle with Justin Sun over frozen holdings, and backlash over the team borrowing $75M against its own token on a platform run by a WLFI adviser. Whether a 10% insider burn is enough to restore confidence given the 33.5% insider allocation remains an open question.

TLDR by @Benthic