WLFI releases a governance proposal to use part of the unlocked treasury funds to incentivize USD1 adoption

WLFI has released a governance update announcement stating that a new community governance proposal is open for voting, which suggests using part of the unlocked WLFI treasury funds as an incentive to promote the adoption and growth of the stablecoin USD1.

The announcement indicates that over the past three weeks, WLFI has used USD1 to repurchase approximately $10 million worth of WLFI tokens and has successfully gained support for multiple spot trading pairs on Binance. Meanwhile, the usage scale of USD1 in both CeFi and DeFi scenarios has significantly increased, and the WLFI token unlocking schedule is also progressing and nearing finalization. The proposal aims to sustain the current growth momentum by further expanding the integration, usage scenarios, and number of partners for USD1 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.