WLFI has released a governance proposal to use a portion of its unlocked WLFI treasury funds to incentivize USD1 adoption.
TL;DR
WLFI proposes using unlocked treasury funds to incentivize USD1 stablecoin adoption, aiming to boost ecosystem growth and community benefits through increased usage and partnerships.
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ChainCatcher reports that WLFI has released a governance update, announcing that a new community governance proposal is now open for voting. The proposal suggests using a portion of the unlocked WLFI treasury funds as incentives to drive the adoption and growth of the stablecoin USD1.
The announcement reveals that WLFI has used USD1 to repurchase approximately $10 million worth of WLFI tokens over the past three weeks and has successfully secured support for multiple spot trading pairs on Binance. Simultaneously, the usage of USD1 in CeFi and DeFi scenarios has increased significantly, and the WLFI token unlocking schedule is progressing steadily and nearing finalization. This proposal aims to continue the current growth momentum and further expand USD1 integration, use cases, and the number of partners 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.